Truist Financial Corp increased its holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) by 72.2% during the fourth quarter, Holdings Channel reports. The firm owned 110,873 shares of the company’s stock after purchasing an additional 46,477 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Regional Banks ETF were worth $6,115,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in IAT. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth approximately $25,000. Register Financial Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $39,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter worth approximately $60,000. MAI Capital Management raised its holdings in shares of iShares U.S. Regional Banks ETF by 20.0% in the 3rd quarter. MAI Capital Management now owns 1,200 shares of the company’s stock worth $63,000 after purchasing an additional 200 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter worth approximately $74,000.
iShares U.S. Regional Banks ETF Price Performance
IAT stock opened at $57.50 on Friday. iShares U.S. Regional Banks ETF has a 52-week low of $45.35 and a 52-week high of $63.04. The company’s 50 day simple moving average is $55.68 and its 200-day simple moving average is $55.22. The firm has a market capitalization of $615.25 million, a P/E ratio of 12.39 and a beta of 0.91.
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.
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Want to see what other hedge funds are holding IAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report).
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