Bare Financial Services Inc Invests $127,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Bare Financial Services Inc bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the fourth quarter, HoldingsChannel reports. The firm bought 3,026 shares of the company’s stock, valued at approximately $127,000.

A number of other large investors have also modified their holdings of IAT. Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Regional Banks ETF by 27.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 151,173 shares of the company’s stock worth $5,079,000 after buying an additional 32,799 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of iShares U.S. Regional Banks ETF by 12.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,490 shares of the company’s stock worth $1,226,000 after buying an additional 3,920 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of iShares U.S. Regional Banks ETF by 0.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 237,704 shares of the company’s stock worth $7,987,000 after buying an additional 1,848 shares in the last quarter. Wealth Management Partners LLC raised its stake in shares of iShares U.S. Regional Banks ETF by 5.5% during the 3rd quarter. Wealth Management Partners LLC now owns 13,221 shares of the company’s stock worth $444,000 after buying an additional 691 shares in the last quarter. Finally, Viewpoint Capital Management LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $269,000.

iShares U.S. Regional Banks ETF Stock Up 0.9 %

Shares of IAT traded up $0.36 on Thursday, reaching $41.86. The stock had a trading volume of 123,739 shares, compared to its average volume of 287,594. The firm has a market capitalization of $617.44 million, a PE ratio of 9.43 and a beta of 1.42. The firm has a 50-day moving average of $41.33 and a 200 day moving average of $39.37. iShares U.S. Regional Banks ETF has a twelve month low of $28.80 and a twelve month high of $43.47.

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.