SOA Wealth Advisors LLC. Grows Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

SOA Wealth Advisors LLC. increased its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 127.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,237 shares of the company’s stock after purchasing an additional 2,931 shares during the period. SOA Wealth Advisors LLC.’s holdings in iShares U.S. Regional Banks ETF were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Barry Investment Advisors LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the first quarter worth $9,809,000. Bell Bank purchased a new position in iShares U.S. Regional Banks ETF during the 1st quarter valued at about $7,977,000. UBS Group AG grew its position in iShares U.S. Regional Banks ETF by 215.2% in the 1st quarter. UBS Group AG now owns 289,386 shares of the company’s stock valued at $10,357,000 after acquiring an additional 197,573 shares in the last quarter. Truist Financial Corp lifted its position in shares of iShares U.S. Regional Banks ETF by 276.9% during the first quarter. Truist Financial Corp now owns 200,443 shares of the company’s stock worth $7,174,000 after purchasing an additional 147,263 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of iShares U.S. Regional Banks ETF by 427.6% during the first quarter. Raymond James & Associates now owns 180,252 shares of the company’s stock worth $6,451,000 after purchasing an additional 146,088 shares in the last quarter.

iShares U.S. Regional Banks ETF Trading Down 1.0 %

IAT traded down $0.35 during trading hours on Friday, hitting $35.17. 87,365 shares of the company’s stock were exchanged, compared to its average volume of 596,091. The firm has a market cap of $712.19 million, a P/E ratio of 8.82 and a beta of 1.09. iShares U.S. Regional Banks ETF has a 12-month low of $28.80 and a 12-month high of $53.92. The firm has a 50 day moving average of $36.54 and a 200 day moving average of $35.83.

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.