Envestnet Asset Management Inc. Purchases 17,682 Shares of iShares U.S. Regional Banks ETF $IAT

Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 23.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,699 shares of the company’s stock after purchasing an additional 17,682 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares U.S. Regional Banks ETF were worth $4,643,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IAT. Ameritas Advisory Services LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at approximately $66,000. Larson Financial Group LLC grew its stake in iShares U.S. Regional Banks ETF by 4.0% in the 1st quarter. Larson Financial Group LLC now owns 5,882 shares of the company’s stock valued at $274,000 after buying an additional 225 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in iShares U.S. Regional Banks ETF by 277,595.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 24,248,343 shares of the company’s stock valued at $1,115,335,000 after acquiring an additional 24,239,611 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of iShares U.S. Regional Banks ETF by 1.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 91,152 shares of the company’s stock worth $4,250,000 after acquiring an additional 1,370 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF by 2.2% in the first quarter. LPL Financial LLC now owns 213,540 shares of the company’s stock worth $9,957,000 after acquiring an additional 4,662 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA IAT opened at $50.21 on Friday. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.30 and a fifty-two week high of $57.69. The stock has a market cap of $559.84 million, a PE ratio of 12.39 and a beta of 0.96. The stock has a fifty day moving average of $51.29 and a 200-day moving average of $50.04.

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.