iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lowered its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 1.7% in the first quarter, HoldingsChannel reports. The fund owned 68,909 shares of the company’s stock after selling 1,206 shares during the quarter. iShares U.S. Regional Banks ETF accounts for about 1.1% of Cadent Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. Cadent Capital Advisors LLC’s holdings in iShares U.S. Regional Banks ETF were worth $3,213,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IAT. Bank Pictet & Cie Europe AG purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter worth $453,000. Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth about $747,000. Truist Financial Corp raised its position in shares of 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 purchasing an additional 23,682 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in iShares U.S. Regional Banks ETF by 232.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 34,007 shares of the company’s stock valued at $1,713,000 after buying an additional 23,769 shares in the last quarter. Finally, Gimbal Financial lifted its stake 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 buying an additional 1,363 shares in the last quarter.

iShares U.S. Regional Banks ETF Trading Down 1.0%

NYSEARCA:IAT opened at $45.81 on Wednesday. The stock has a 50 day moving average of $45.39 and a two-hundred day moving average of $48.46. iShares U.S. Regional Banks ETF has a 12 month low of $38.30 and a 12 month high of $57.69. The firm has a market cap of $597.82 million, a P/E ratio of 11.86 and a beta of 0.94.

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.