Banque Pictet & Cie SA Trims Stock Holdings in iShares U.S. Regional Banks ETF $IAT

Banque Pictet & Cie SA decreased its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 17.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,947 shares of the company’s stock after selling 8,050 shares during the quarter. Banque Pictet & Cie SA owned approximately 0.31% of iShares U.S. Regional Banks ETF worth $1,831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IAT. Golden State Wealth Management LLC increased its position in iShares U.S. Regional Banks ETF by 101.4% in the first quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. Park Avenue Securities LLC raised its holdings in 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. MinichMacGregor Wealth Management LLC lifted its position in iShares U.S. Regional Banks ETF by 4.9% in the first quarter. MinichMacGregor Wealth Management LLC now owns 146,327 shares of the company’s stock worth $6,823,000 after buying an additional 6,837 shares during the last quarter. Benchmark Financial Wealth Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF in the first quarter worth $1,153,000. Finally, Family Firm Inc. boosted its stake in iShares U.S. Regional Banks ETF by 3.2% during the first quarter. Family Firm Inc. now owns 30,155 shares of the company’s stock worth $1,406,000 after buying an additional 925 shares during the period.

iShares U.S. Regional Banks ETF Trading Up 0.5%

Shares of IAT opened at $53.14 on Friday. The company’s fifty day simple moving average is $52.20 and its 200-day simple moving average is $48.47. The company has a market cap of $642.99 million, a P/E ratio of 12.39 and a beta of 1.09. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month 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.