iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 235,082 shares of the company’s stock after selling 5,797 shares during the quarter. US Bancorp DE’s holdings in iShares U.S. Regional Banks ETF were worth $11,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in iShares U.S. Regional Banks ETF by 23.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock valued at $17,338,000 after purchasing an additional 70,206 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $7,025,000. Truist Financial Corp increased its holdings in iShares U.S. Regional Banks ETF by 27.6% in the 4th quarter. Truist Financial Corp now owns 109,413 shares of the company’s stock valued at $5,510,000 after purchasing an additional 23,682 shares during the last quarter. Gimbal Financial increased its holdings in iShares U.S. Regional Banks ETF by 1.6% in the 4th quarter. Gimbal Financial now owns 87,825 shares of the company’s stock valued at $4,423,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its holdings in iShares U.S. Regional Banks ETF by 136.5% in the 4th quarter. Cadent Capital Advisors LLC now owns 70,115 shares of the company’s stock valued at $3,531,000 after purchasing an additional 40,473 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

iShares U.S. Regional Banks ETF stock opened at $50.38 on Tuesday. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.75 and a fifty-two week high of $57.69. The firm has a 50 day moving average price of $51.73 and a 200 day moving average price of $50.73. The company has a market capitalization of $725.47 million, a PE ratio of 9.90 and a beta of 1.24.

iShares U.S. Regional Banks ETF Company 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.