KCM Investment Advisors LLC Raises Stock Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

KCM Investment Advisors LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 54,224 shares of the company’s stock after purchasing an additional 2,462 shares during the quarter. KCM Investment Advisors LLC’s holdings in iShares U.S. Regional Banks ETF were worth $2,731,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IAT. FMR LLC raised its stake in 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 valued at $84,000 after buying an additional 621 shares in the last quarter. Spectrum Wealth Counsel LLC raised its position in shares of iShares U.S. Regional Banks ETF by 1.1% during the 4th quarter. Spectrum Wealth Counsel LLC now owns 66,349 shares of the company’s stock valued at $3,341,000 after acquiring an additional 694 shares in the last quarter. Global Trust Asset Management LLC bought a new position in iShares U.S. Regional Banks ETF during the fourth quarter worth $40,000. Aveo Capital Partners LLC boosted its holdings in iShares U.S. Regional Banks ETF by 12.5% in the fourth quarter. Aveo Capital Partners LLC now owns 7,908 shares of the company’s stock worth $398,000 after purchasing an additional 876 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in iShares U.S. Regional Banks ETF by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,409 shares of the company’s stock valued at $172,000 after purchasing an additional 940 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA:IAT opened at $40.05 on Friday. iShares U.S. Regional Banks ETF has a 1-year low of $38.56 and a 1-year high of $57.69. The company’s fifty day moving average is $49.28 and its two-hundred day moving average is $50.58. The stock has a market capitalization of $626.78 million, a price-to-earnings ratio of 12.08 and a beta of 1.11.

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.