Sigma Planning Corp Makes New Investment in iShares U.S. Regional Banks ETF $IAT

Sigma Planning Corp purchased a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,382 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IAT. Lido Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF in the first quarter valued at $10,280,000. Bank of America Corp DE grew its position in shares of iShares U.S. Regional Banks ETF by 23.0% in the 1st quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock valued at $28,060,000 after acquiring an additional 97,510 shares during the period. Renaissance Technologies LLC grew its position in shares of iShares U.S. Regional Banks ETF by 142.4% in the 1st quarter. Renaissance Technologies LLC now owns 22,300 shares of the company’s stock valued at $1,201,000 after acquiring an additional 13,100 shares during the period. Fifth Third Bancorp acquired a new position in shares of iShares U.S. Regional Banks ETF during the 1st quarter worth about $524,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $524,000.

iShares U.S. Regional Banks ETF Price Performance

iShares U.S. Regional Banks ETF stock opened at $59.82 on Friday. The company’s 50-day moving average is $59.59 and its 200-day moving average is $59.14. The firm has a market capitalization of $634.09 million, a PE ratio of 12.39 and a beta of 0.92. iShares U.S. Regional Banks ETF has a fifty-two week low of $48.15 and a fifty-two week high of $66.15.

About iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index. The fund provides targeted exposure to small- and mid-sized U.S. banks. The index uses a float-adjusted market-capitalization weighting methodology, meaning larger holdings have a greater influence on performance. Launched on May 1, 2006, the fund is managed by BlackRock Fund Advisors.