B. Riley Wealth Advisors Inc. Sells 619 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

B. Riley Wealth Advisors Inc. cut its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,364 shares of the company’s stock after selling 619 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.26% of iShares U.S. Regional Banks ETF worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Magnolia Capital Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at about $5,590,000. Gimbal Financial purchased a new stake in iShares U.S. Regional Banks ETF in the third quarter worth approximately $4,280,000. International Assets Investment Management LLC grew its position 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 valued at $3,076,000 after acquiring an additional 63,336 shares during the last quarter. KCM Investment Advisors LLC raised its stake in shares of iShares U.S. Regional Banks ETF by 4.3% during the third quarter. KCM Investment Advisors LLC now owns 51,762 shares of the company’s stock worth $2,461,000 after acquiring an additional 2,113 shares in the last quarter. Finally, MidWestOne Financial Group Inc. lifted its holdings in shares of iShares U.S. Regional Banks ETF by 2.5% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 35,357 shares of the company’s stock worth $1,466,000 after acquiring an additional 848 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

IAT stock opened at $53.49 on Tuesday. The firm has a market cap of $770.26 million, a P/E ratio of 9.90 and a beta of 1.24. The firm’s fifty day moving average is $52.51 and its 200 day moving average is $47.46. iShares U.S. Regional Banks ETF has a 52 week low of $38.40 and a 52 week high of $57.69.

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.