Cadent Capital Advisors LLC Acquires 40,473 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Cadent Capital Advisors LLC increased its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 136.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,115 shares of the company’s stock after acquiring an additional 40,473 shares during the period. iShares U.S. Regional Banks ETF comprises 1.2% of Cadent Capital Advisors LLC’s portfolio, making the stock its 22nd biggest position. Cadent Capital Advisors LLC owned about 0.49% of iShares U.S. Regional Banks ETF worth $3,531,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. One Capital Management LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF by 22.2% in the second quarter. One Capital Management LLC now owns 6,201 shares of the company’s stock valued at $257,000 after purchasing an additional 1,125 shares during the period. Thrivent Financial for Lutherans grew its position in shares of iShares U.S. Regional Banks ETF by 2.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after buying an additional 446 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of iShares U.S. Regional Banks ETF during the second quarter valued at $273,000. MidWestOne Financial Group Inc. raised its holdings in shares of iShares U.S. Regional Banks ETF by 2.5% in the second quarter. MidWestOne Financial Group Inc. now owns 35,357 shares of the company’s stock valued at $1,466,000 after acquiring an additional 848 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in iShares U.S. Regional Banks ETF in the second quarter worth about $5,590,000.

iShares U.S. Regional Banks ETF Price Performance

NYSEARCA IAT traded up $0.27 during trading on Monday, reaching $49.61. 89,188 shares of the company’s stock traded hands, compared to its average volume of 314,175. iShares U.S. Regional Banks ETF has a 12-month low of $38.40 and a 12-month high of $57.69. The firm has a market cap of $714.38 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The company’s 50 day simple moving average is $53.00 and its two-hundred day simple moving average is $48.84.

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.