US Bancorp DE Has $10.53 Million Position in iShares U.S. Regional Banks ETF $IAT

US Bancorp DE reduced its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 212,575 shares of the company’s stock after selling 18,010 shares during the period. US Bancorp DE owned 1.76% of iShares U.S. Regional Banks ETF worth $10,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 101.4% in the first quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock valued at $26,000 after purchasing an additional 284 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the first quarter valued at about $1,153,000. MinichMacGregor Wealth Management LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 4.9% in the first quarter. MinichMacGregor Wealth Management LLC now owns 146,327 shares of the company’s stock valued at $6,823,000 after acquiring an additional 6,837 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 7.4% in the first quarter. Park Avenue Securities LLC now owns 10,801 shares of the company’s stock valued at $504,000 after acquiring an additional 741 shares in the last quarter. Finally, Family Firm Inc. grew its stake in shares of iShares U.S. Regional Banks ETF by 3.2% in the first quarter. Family Firm Inc. now owns 30,155 shares of the company’s stock valued at $1,406,000 after acquiring an additional 925 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

IAT stock opened at $48.96 on Friday. The company’s 50-day simple moving average is $52.28 and its 200 day simple moving average is $48.85. iShares U.S. Regional Banks ETF has a 52 week low of $38.30 and a 52 week high of $57.69. The company has a market capitalization of $582.62 million, a PE ratio of 12.39 and a beta of 1.09.

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.