HighTower Advisors LLC Sells 622 Shares of iShares U.S. Regional Banks ETF $IAT

HighTower Advisors LLC reduced its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,571 shares of the company’s stock after selling 622 shares during the period. HighTower Advisors LLC owned approximately 0.06% of iShares U.S. Regional Banks ETF worth $400,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its stake in iShares U.S. Regional Banks ETF by 2.2% during the 1st quarter. LPL Financial LLC now owns 213,540 shares of the company’s stock valued at $9,957,000 after acquiring an additional 4,662 shares in the last quarter. Cetera Investment Advisers lifted its stake in iShares U.S. Regional Banks ETF by 38.1% during the 1st quarter. Cetera Investment Advisers now owns 59,434 shares of the company’s stock valued at $2,771,000 after acquiring an additional 16,402 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in iShares U.S. Regional Banks ETF during the 1st quarter valued at $347,000. Larson Financial Group LLC lifted its stake in iShares U.S. Regional Banks ETF by 4.0% during the 1st quarter. Larson Financial Group LLC now owns 5,882 shares of the company’s stock valued at $274,000 after acquiring an additional 225 shares in the last quarter. Finally, CWM LLC lifted its stake in iShares U.S. Regional Banks ETF by 23.5% during the 1st quarter. CWM LLC now owns 20,362 shares of the company’s stock valued at $949,000 after acquiring an additional 3,876 shares in the last quarter.

iShares U.S. Regional Banks ETF Trading Up 0.2%

Shares of NYSEARCA:IAT opened at $54.11 on Monday. The stock’s fifty day simple moving average is $51.23 and its two-hundred day simple moving average is $47.96. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 and a 1-year high of $57.69. The stock has a market cap of $654.73 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.