Sanctuary Advisors LLC Invests $227,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Sanctuary Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,446 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also recently added to or reduced their stakes in IAT. PNC Financial Services Group Inc. increased its holdings in iShares U.S. Regional Banks ETF by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock worth $162,000 after buying an additional 534 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in iShares U.S. Regional Banks ETF by 23.8% in the first quarter. Game Plan Financial Advisors LLC now owns 4,950 shares of the company’s stock worth $215,000 after buying an additional 950 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in iShares U.S. Regional Banks ETF in the first quarter worth approximately $152,000. Abundance Wealth Counselors increased its holdings in iShares U.S. Regional Banks ETF by 8.0% in the first quarter. Abundance Wealth Counselors now owns 99,312 shares of the company’s stock worth $4,308,000 after buying an additional 7,384 shares during the last quarter. Finally, Etfidea LLC increased its holdings in iShares U.S. Regional Banks ETF by 27.3% in the first quarter. Etfidea LLC now owns 6,270 shares of the company’s stock worth $272,000 after buying an additional 1,344 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA:IAT opened at $50.18 on Friday. The stock’s 50 day moving average price is $47.29 and its 200 day moving average price is $44.12. iShares U.S. Regional Banks ETF has a 52 week low of $30.46 and a 52 week high of $50.84. The company has a market capitalization of $722.59 million, a P/E ratio of 9.90 and a beta of 1.24.

iShares U.S. Regional Banks ETF Company 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.