Snowden Capital Advisors LLC Boosts Stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Snowden Capital Advisors LLC raised its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 23.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,332 shares of the company’s stock after purchasing an additional 2,304 shares during the period. Snowden Capital Advisors LLC’s holdings in iShares U.S. Regional Banks ETF were worth $621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of iShares U.S. Regional Banks ETF by 23.6% during the 4th quarter. Royal Bank of Canada now owns 329,872 shares of the company’s stock valued at $16,612,000 after acquiring an additional 62,886 shares during the period. KKM Financial LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at approximately $241,000. Cubist Systematic Strategies LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at approximately $631,000. Cetera Investment Advisers grew its position in shares of iShares U.S. Regional Banks ETF by 51.3% during the 4th quarter. Cetera Investment Advisers now owns 43,032 shares of the company’s stock valued at $2,167,000 after acquiring an additional 14,599 shares during the period. Finally, Bank of America Corp DE grew its position in shares of iShares U.S. Regional Banks ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 558,641 shares of the company’s stock valued at $28,133,000 after acquiring an additional 56,764 shares during the period.

iShares U.S. Regional Banks ETF Stock Down 0.9%

iShares U.S. Regional Banks ETF stock opened at $47.97 on Wednesday. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $57.69. The firm has a 50 day moving average price of $44.59 and a 200-day moving average price of $49.52. The company has a market capitalization of $666.78 million, a P/E ratio of 11.33 and a beta of 0.96.

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.