Adams Wealth Management Makes New Investment in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Adams Wealth Management purchased a new stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 103,563 shares of the company’s stock, valued at approximately $5,215,000. iShares U.S. Regional Banks ETF comprises about 1.0% of Adams Wealth Management’s portfolio, making the stock its 25th largest position.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in iShares U.S. Regional Banks ETF by 23.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock worth $17,338,000 after purchasing an additional 70,206 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of iShares U.S. Regional Banks ETF by 42.2% during the fourth quarter. Wells Fargo & Company MN now owns 212,881 shares of the company’s stock worth $10,721,000 after buying an additional 63,174 shares during the period. LPL Financial LLC raised its stake in iShares U.S. Regional Banks ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 208,878 shares of the company’s stock worth $10,519,000 after buying an additional 14,928 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in iShares U.S. Regional Banks ETF by 885.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock valued at $7,780,000 after acquiring an additional 138,809 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth about $7,025,000.

iShares U.S. Regional Banks ETF Price Performance

Shares of NYSEARCA:IAT opened at $41.22 on Tuesday. iShares U.S. Regional Banks ETF has a 1 year low of $38.30 and a 1 year high of $57.69. The business’s 50-day moving average is $47.35 and its 200-day moving average is $50.21. The company has a market capitalization of $640.97 million, a price-to-earnings ratio of 10.45 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.