JPMorgan Chase & Co. Buys 70,206 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

JPMorgan Chase & Co. increased its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,710 shares of the company’s stock after purchasing an additional 70,206 shares during the period. JPMorgan Chase & Co. owned 2.53% of iShares U.S. Regional Banks ETF worth $17,338,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IAT. Magnolia Capital Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the second quarter worth $5,590,000. Gimbal Financial bought a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at about $4,280,000. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Regional Banks ETF by 4,667.4% in the 3rd quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock worth $3,076,000 after purchasing an additional 63,336 shares during the last quarter. Cadent Capital Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the third quarter worth $1,409,000. Finally, Sigma Planning Corp bought a new stake in iShares U.S. Regional Banks ETF in the third quarter valued at about $965,000.

iShares U.S. Regional Banks ETF Price Performance

iShares U.S. Regional Banks ETF stock opened at $50.67 on Friday. The company’s 50 day simple moving average is $53.00 and its 200 day simple moving average is $48.66. The firm has a market capitalization of $729.65 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.40 and a fifty-two week high of $57.69.

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.