Gallagher Capital Advisors LLC Purchases New Stake in iShares U.S. Regional Banks ETF $IAT

Gallagher Capital Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the third quarter, HoldingsChannel reports. The firm bought 9,469 shares of the company’s stock, valued at approximately $463,000.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in iShares U.S. Regional Banks ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after acquiring an additional 475 shares during the period. Goldman Sachs Group Inc. lifted its holdings in iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after buying an additional 19,870 shares during the period. Blair William & Co. IL boosted its position in iShares U.S. Regional Banks ETF by 22.7% during the 2nd quarter. Blair William & Co. IL now owns 1,567 shares of the company’s stock valued at $78,000 after acquiring an additional 290 shares in the last quarter. Ellis Investment Partners LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 10.5% during the 2nd quarter. Ellis Investment Partners LLC now owns 6,264 shares of the company’s stock worth $310,000 after acquiring an additional 593 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares U.S. Regional Banks ETF by 23.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,699 shares of the company’s stock worth $4,643,000 after acquiring an additional 17,682 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Down 0.7%

NYSEARCA IAT opened at $62.37 on Tuesday. The firm has a market capitalization of $651.77 million, a PE ratio of 12.39 and a beta of 0.96. The stock’s 50 day moving average is $56.88 and its 200 day moving average is $53.28. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $63.04.

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.