Royal Bank of Canada Sells 42,214 Shares of iShares U.S. Regional Banks ETF $IAT

Royal Bank of Canada cut its holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,658 shares of the company’s stock after selling 42,214 shares during the quarter. Royal Bank of Canada owned 2.07% of iShares U.S. Regional Banks ETF worth $13,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IAT. MAI Capital Management lifted its holdings in shares of iShares U.S. Regional Banks ETF by 21.6% during the 1st quarter. MAI Capital Management now owns 1,216 shares of the company’s stock valued at $57,000 after buying an additional 216 shares during the period. Larson Financial Group LLC lifted its holdings in shares of 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 buying an additional 225 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 101.4% during the 1st quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock valued at $26,000 after buying an additional 284 shares during the period. Comerica Bank lifted its holdings in shares of iShares U.S. Regional Banks ETF by 13.8% during the 4th quarter. Comerica Bank now owns 4,911 shares of the company’s stock valued at $247,000 after buying an additional 595 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 7.4% during the 1st quarter. Park Avenue Securities LLC now owns 10,801 shares of the company’s stock valued at $504,000 after buying an additional 741 shares during the period.

iShares U.S. Regional Banks ETF Price Performance

NYSEARCA IAT opened at $53.51 on Thursday. The business’s fifty day moving average price is $51.93 and its 200-day moving average price is $48.11. The stock has a market capitalization of $647.47 million, a price-to-earnings ratio of 12.39 and a beta of 1.09. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 and a 1-year high of $57.69.

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.