Janney Montgomery Scott LLC Sells 503 Shares of iShares U.S. Regional Banks ETF $IAT

Janney Montgomery Scott LLC lessened its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,823 shares of the company’s stock after selling 503 shares during the quarter. Janney Montgomery Scott LLC owned about 0.18% of iShares U.S. Regional Banks ETF worth $1,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in 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 purchasing an additional 284 shares during the period. MinichMacGregor Wealth Management LLC raised its stake in iShares U.S. Regional Banks ETF by 4.9% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,327 shares of the company’s stock valued at $6,823,000 after purchasing an additional 6,837 shares during the period. Benchmark Financial Wealth Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF during the 1st quarter valued at approximately $1,153,000. Larson Financial Group LLC raised 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 purchasing an additional 225 shares during the period. Finally, Family Firm Inc. raised its stake in iShares U.S. Regional Banks ETF by 3.2% during the 1st quarter. Family Firm Inc. now owns 30,155 shares of the company’s stock valued at $1,406,000 after purchasing an additional 925 shares during the period.

iShares U.S. Regional Banks ETF Trading Up 2.0%

Shares of IAT opened at $49.94 on Tuesday. The business’s 50 day moving average is $52.28 and its 200 day moving average is $48.89. The company has a market capitalization of $594.29 million, a PE ratio of 12.39 and a beta of 1.09. iShares U.S. Regional Banks ETF has a 12-month low of $38.30 and a 12-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.