Cubist Systematic Strategies LLC Invests $631,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Cubist Systematic Strategies LLC acquired a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,528 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAT. Park Avenue Securities LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $507,000. Tudor Financial Inc. purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $2,001,000. Global Trust Asset Management LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $40,000. Finley Financial LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $158,000. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $1,234,000.

iShares U.S. Regional Banks ETF Trading Up 0.3%

NYSEARCA:IAT opened at $48.41 on Friday. The company has a market cap of $672.90 million, a PE ratio of 11.33 and a beta of 0.96. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $57.69. The company’s 50 day moving average is $44.40 and its two-hundred day moving average is $49.55.

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.