Ameriprise Financial Inc. Sells 52,032 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Ameriprise Financial Inc. cut its holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,910 shares of the company’s stock after selling 52,032 shares during the period. Ameriprise Financial Inc. owned approximately 0.81% of iShares U.S. Regional Banks ETF worth $5,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IAT. Raymond James Financial Inc. bought a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at about $6,354,000. Park Avenue Securities LLC bought a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at about $507,000. Renaissance Technologies LLC bought a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at about $972,000. Thrivent Financial for Lutherans increased its position in iShares U.S. Regional Banks ETF by 885.4% in 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. Finally, Truist Financial Corp increased its position in iShares U.S. Regional Banks ETF by 27.6% in 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.

iShares U.S. Regional Banks ETF Price Performance

Shares of iShares U.S. Regional Banks ETF stock opened at $46.19 on Friday. iShares U.S. Regional Banks ETF has a one year low of $38.30 and a one year high of $57.69. The firm has a market capitalization of $602.78 million, a price-to-earnings ratio of 11.50 and a beta of 0.93. The business has a 50-day simple moving average of $44.60 and a 200 day simple moving average of $49.46.

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.