Stifel Financial Corp Increases Stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Stifel Financial Corp boosted its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,376 shares of the company’s stock after acquiring an additional 1,705 shares during the period. Stifel Financial Corp owned about 0.11% of iShares U.S. Regional Banks ETF worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new position in iShares U.S. Regional Banks ETF in the third quarter valued at about $157,000. FMR LLC lifted its stake in shares of iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after buying an additional 621 shares during the period. Larson Financial Group LLC grew its stake in iShares U.S. Regional Banks ETF by 4.6% during the 3rd quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock valued at $270,000 after purchasing an additional 251 shares during the last quarter. KCM Investment Advisors LLC increased its holdings in iShares U.S. Regional Banks ETF by 4.3% in the 3rd quarter. KCM Investment Advisors LLC now owns 51,762 shares of the company’s stock worth $2,461,000 after buying an additional 2,113 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $270,000.

iShares U.S. Regional Banks ETF Price Performance

iShares U.S. Regional Banks ETF stock opened at $50.85 on Thursday. The firm has a 50 day simple moving average of $52.80 and a 200-day simple moving average of $47.89. iShares U.S. Regional Banks ETF has a 1-year low of $38.40 and a 1-year high of $57.69. The stock has a market cap of $732.24 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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.