Stifel Financial Corp Boosts Stock Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Stifel Financial Corp raised its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 12.5% during the third quarter, Holdings Channel.com reports. The firm owned 15,376 shares of the company’s stock after purchasing an additional 1,705 shares during the quarter. Stifel Financial Corp’s holdings in iShares U.S. Regional Banks ETF were worth $731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth $39,000. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $56,000. FMR LLC lifted its stake in iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after purchasing an additional 621 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in iShares U.S. Regional Banks ETF in the third quarter valued at approximately $157,000. Finally, Game Plan Financial Advisors LLC increased its stake in iShares U.S. Regional Banks ETF by 6.1% in the second quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock valued at $218,000 after purchasing an additional 300 shares during the last quarter.

iShares U.S. Regional Banks ETF Trading Up 0.8 %

Shares of NYSEARCA:IAT opened at $50.85 on Thursday. The firm has a 50 day simple moving average of $52.80 and a 200-day simple moving average of $47.89. iShares U.S. Regional Banks ETF has a twelve month low of $38.40 and a twelve month high of $57.69. The company has a market capitalization of $732.24 million, a PE ratio of 9.90 and a beta of 1.24.

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.