Magnolia Capital Advisors LLC Invests $5.59 Million in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Magnolia Capital Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 134,817 shares of the company’s stock, valued at approximately $5,590,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAT. Cultivar Capital Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the second quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter valued at about $55,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 2nd quarter valued at about $56,000. EP Wealth Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF during the 4th quarter valued at about $130,000. Finally, Woodmont Investment Counsel LLC purchased a new position in iShares U.S. Regional Banks ETF in the first quarter worth about $152,000.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA IAT opened at $47.05 on Friday. The company has a market cap of $677.52 million, a PE ratio of 9.90 and a beta of 1.24. The firm’s 50 day moving average price is $46.77 and its 200-day moving average price is $43.50. iShares U.S. Regional Banks ETF has a 52-week low of $30.46 and a 52-week high of $48.99.

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.