Spectrum Wealth Counsel LLC Buys 694 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Spectrum Wealth Counsel LLC raised its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,349 shares of the company’s stock after acquiring an additional 694 shares during the period. Spectrum Wealth Counsel LLC’s holdings in iShares U.S. Regional Banks ETF were worth $3,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth about $233,000. Edge Capital Group LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 4.8% during the 4th quarter. Edge Capital Group LLC now owns 59,528 shares of the company’s stock worth $2,998,000 after acquiring an additional 2,739 shares during the period. Gimbal Financial lifted its holdings in shares of iShares U.S. Regional Banks ETF by 1.6% during the 4th quarter. Gimbal Financial now owns 87,825 shares of the company’s stock worth $4,423,000 after acquiring an additional 1,363 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of iShares U.S. Regional Banks ETF by 232.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 34,007 shares of the company’s stock worth $1,713,000 after acquiring an additional 23,769 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of iShares U.S. Regional Banks ETF by 27.6% during the 4th quarter. Truist Financial Corp now owns 109,413 shares of the company’s stock worth $5,510,000 after acquiring an additional 23,682 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA:IAT opened at $51.19 on Friday. The company has a 50-day moving average of $51.71 and a 200-day moving average of $50.60. The company has a market capitalization of $737.14 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 52 week low of $38.75 and a 52 week high of $57.69.

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.