TRUE Private Wealth Advisors Takes Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

TRUE Private Wealth Advisors bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,066 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also recently added to or reduced their stakes in IAT. Private Advisor Group LLC increased its position in iShares U.S. Regional Banks ETF by 40.2% in the first quarter. Private Advisor Group LLC now owns 5,123 shares of the company’s stock worth $302,000 after buying an additional 1,469 shares during the period. Synovus Financial Corp acquired a new stake in iShares U.S. Regional Banks ETF in the first quarter worth $203,000. Cetera Investment Advisers increased its position in iShares U.S. Regional Banks ETF by 6.2% in the first quarter. Cetera Investment Advisers now owns 6,862 shares of the company’s stock worth $404,000 after buying an additional 398 shares during the period. Baird Financial Group Inc. increased its position in iShares U.S. Regional Banks ETF by 57.5% in the first quarter. Baird Financial Group Inc. now owns 6,198 shares of the company’s stock worth $365,000 after buying an additional 2,263 shares during the period. Finally, Equitable Holdings Inc. increased its position in iShares U.S. Regional Banks ETF by 21.8% in the first quarter. Equitable Holdings Inc. now owns 16,471 shares of the company’s stock worth $970,000 after buying an additional 2,950 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

Shares of IAT opened at $39.72 on Friday. The firm has a market capitalization of $804.33 million, a price-to-earnings ratio of 8.82 and a beta of 1.09. iShares U.S. Regional Banks ETF has a one year low of $28.80 and a one year high of $43.47. The stock’s fifty day moving average is $41.06 and its 200-day moving average is $38.77.

iShares U.S. Regional Banks ETF Profile

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.