6,818 Shares in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Acquired by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. bought a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,818 shares of the company’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IAT. Farther Finance Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF in the 3rd quarter worth $39,000. Global Trust Asset Management LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at about $40,000. FMR LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 54.4% in the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after buying an additional 621 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at about $157,000. Finally, Finley Financial LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at about $158,000.

iShares U.S. Regional Banks ETF Price Performance

IAT opened at $53.14 on Friday. The stock’s 50 day simple moving average is $52.62 and its 200 day simple moving average is $49.88. The firm has a market cap of $765.22 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 1 year low of $38.40 and a 1 year high of $57.69.

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.