Commonwealth Equity Services LLC raised its holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 117,740 shares of the company’s stock after buying an additional 5,841 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares U.S. Regional Banks ETF were worth $5,929,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in IAT. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 3.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 37,437 shares of the company’s stock valued at $1,780,000 after acquiring an additional 1,358 shares during the last quarter. FMR LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 54.4% in the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after acquiring an additional 621 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $507,000. Truist Financial Corp grew its stake in iShares U.S. Regional Banks ETF by 27.6% during the 4th quarter. Truist Financial Corp now owns 109,413 shares of the company’s stock worth $5,510,000 after buying an additional 23,682 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new position in iShares U.S. Regional Banks ETF during the 4th quarter worth $453,000.
iShares U.S. Regional Banks ETF Price Performance
Shares of IAT opened at $46.57 on Friday. The company has a market cap of $728.82 million, a P/E ratio of 12.08 and a beta of 1.11. The stock has a fifty day moving average price of $50.59 and a 200 day moving average price of $50.64. iShares U.S. Regional Banks ETF has a 12 month low of $38.75 and a 12 month high of $57.69.
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.
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