Gimbal Financial Acquires Shares of 86,462 iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Gimbal Financial bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 86,462 shares of the company’s stock, valued at approximately $4,280,000. iShares U.S. Regional Banks ETF makes up 2.8% of Gimbal Financial’s portfolio, making the stock its 10th largest holding.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in iShares U.S. Regional Banks ETF by 4,667.4% during the third quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock worth $3,076,000 after acquiring an additional 63,336 shares in the last quarter. Cadent Capital Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $1,409,000. Heritage Wealth Management Inc. bought a new position in iShares U.S. Regional Banks ETF in the second quarter valued at approximately $728,000. Sanctuary Advisors LLC bought a new position in iShares U.S. Regional Banks ETF in the second quarter valued at approximately $227,000. Finally, Cetera Investment Advisers increased its position in shares of iShares U.S. Regional Banks ETF by 3.0% during the second quarter. Cetera Investment Advisers now owns 30,525 shares of the company’s stock worth $1,266,000 after acquiring an additional 903 shares in the last quarter.

iShares U.S. Regional Banks ETF Price Performance

Shares of IAT traded up $1.15 during midday trading on Wednesday, hitting $50.84. The stock had a trading volume of 47,701 shares, compared to its average volume of 274,116. The firm has a market cap of $732.10 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The company has a 50 day simple moving average of $47.84 and a two-hundred day simple moving average of $44.54. iShares U.S. Regional Banks ETF has a twelve month low of $31.31 and a twelve month high of $50.84.

About iShares U.S. Regional Banks ETF

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.