CoreCap Advisors LLC Sells 2,648 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

CoreCap Advisors LLC lessened its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 40.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,885 shares of the company’s stock after selling 2,648 shares during the period. CoreCap Advisors LLC’s holdings in iShares U.S. Regional Banks ETF were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at $631,000. Cetera Investment Advisers lifted its holdings in shares of iShares U.S. Regional Banks ETF by 51.3% during the 4th quarter. Cetera Investment Advisers now owns 43,032 shares of the company’s stock valued at $2,167,000 after purchasing an additional 14,599 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Regional Banks ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 558,641 shares of the company’s stock valued at $28,133,000 after purchasing an additional 56,764 shares during the last quarter. Comerica Bank raised its stake in iShares U.S. Regional Banks ETF by 13.8% in the 4th quarter. Comerica Bank now owns 4,911 shares of the company’s stock worth $247,000 after acquiring an additional 595 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in iShares U.S. Regional Banks ETF by 495.1% in the 4th quarter. Stifel Financial Corp now owns 91,497 shares of the company’s stock worth $4,608,000 after acquiring an additional 76,121 shares during the last quarter.

iShares U.S. Regional Banks ETF Price Performance

Shares of IAT stock opened at $45.75 on Monday. The firm has a market capitalization of $635.93 million, a price-to-earnings ratio of 11.33 and a beta of 0.96. The business has a fifty day moving average of $44.32 and a 200 day moving average of $49.59. iShares U.S. Regional Banks ETF has a 1 year low of $38.30 and a 1 year high of $57.69.

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.