CX Institutional Trims Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

CX Institutional lessened its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 32.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,530 shares of the company’s stock after selling 17,352 shares during the quarter. CX Institutional owned about 0.23% of iShares U.S. Regional Banks ETF worth $1,703,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in iShares U.S. Regional Banks ETF during the 4th quarter valued at about $6,354,000. Renaissance Technologies LLC purchased a new position in iShares U.S. Regional Banks ETF during the 4th quarter valued at about $972,000. Thrivent Financial for Lutherans grew its holdings in iShares U.S. Regional Banks ETF by 885.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock valued at $7,780,000 after buying an additional 138,809 shares in the last quarter. Truist Financial Corp grew its holdings in 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 valued at $5,510,000 after buying an additional 23,682 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in iShares U.S. Regional Banks ETF by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 117,740 shares of the company’s stock valued at $5,929,000 after buying an additional 5,841 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Down 1.3%

IAT stock opened at $47.76 on Thursday. The firm has a market capitalization of $623.27 million, a PE ratio of 11.50 and a beta of 0.93. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $57.69. The stock has a 50-day simple moving average of $44.93 and a two-hundred day simple moving average of $48.80.

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.