Wealth Enhancement Advisory Services LLC Sells 6,275 Shares of iShares U.S. Regional Banks ETF $IAT

Wealth Enhancement Advisory Services LLC lowered its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 19.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,620 shares of the company’s stock after selling 6,275 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.22% of iShares U.S. Regional Banks ETF worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IAT. SCS Capital Management LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the first quarter valued at approximately $2,930,000. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Regional Banks ETF by 151.8% in the first quarter. Envestnet Asset Management Inc. now owns 76,017 shares of the company’s stock valued at $3,545,000 after buying an additional 45,823 shares during the period. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the first quarter valued at approximately $1,153,000. Goldman Sachs Group Inc. increased its stake in shares of iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock valued at $8,895,000 after buying an additional 19,870 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of iShares U.S. Regional Banks ETF by 38.1% in the first quarter. Cetera Investment Advisers now owns 59,434 shares of the company’s stock valued at $2,771,000 after buying an additional 16,402 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA:IAT opened at $52.53 on Wednesday. The company has a market capitalization of $635.61 million, a PE ratio of 12.39 and a beta of 1.09. The company has a 50 day simple moving average of $52.22 and a two-hundred day simple moving average of $48.60. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.30 and a fifty-two week 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.