MinichMacGregor Wealth Management LLC Boosts Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

MinichMacGregor Wealth Management LLC boosted its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 4.9% in the first quarter, HoldingsChannel reports. The fund owned 146,327 shares of the company’s stock after purchasing an additional 6,837 shares during the quarter. iShares U.S. Regional Banks ETF makes up 1.5% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 26th largest position. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Regional Banks ETF were worth $6,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in iShares U.S. Regional Banks ETF by 11.3% during the fourth quarter. Bank of America Corp DE now owns 558,641 shares of the company’s stock valued at $28,133,000 after acquiring an additional 56,764 shares during the last quarter. Royal Bank of Canada lifted its position in iShares U.S. Regional Banks ETF by 23.6% during the fourth quarter. Royal Bank of Canada now owns 329,872 shares of the company’s stock valued at $16,612,000 after acquiring an additional 62,886 shares during the last quarter. MML Investors Services LLC purchased a new stake in iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $10,753,000. Wells Fargo & Company MN lifted its position in iShares U.S. Regional Banks ETF by 42.2% during the fourth quarter. Wells Fargo & Company MN now owns 212,881 shares of the company’s stock valued at $10,721,000 after acquiring an additional 63,174 shares during the last quarter. Finally, LPL Financial LLC lifted its position in iShares U.S. Regional Banks ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 208,878 shares of the company’s stock valued at $10,519,000 after acquiring an additional 14,928 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Up 1.0%

NYSEARCA:IAT opened at $46.97 on Friday. iShares U.S. Regional Banks ETF has a 52 week low of $38.30 and a 52 week high of $57.69. The firm has a 50 day moving average of $45.72 and a 200 day moving average of $48.28. The stock has a market capitalization of $612.96 million, a price-to-earnings ratio of 11.86 and a beta of 0.94.

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.