Banque Pictet & Cie SA Has $287,000 Stake in iShares U.S. Regional Banks ETF $IAT

Banque Pictet & Cie SA lowered its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 85.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,213 shares of the company’s stock after selling 31,734 shares during the quarter. Banque Pictet & Cie SA’s holdings in iShares U.S. Regional Banks ETF were worth $287,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC raised its stake in iShares U.S. Regional Banks ETF by 42.8% during the 2nd quarter. Advisory Services Network LLC now owns 56,828 shares of the company’s stock worth $2,850,000 after buying an additional 17,031 shares during the period. Gallagher Capital Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter valued at approximately $463,000. Asempa Wealth Advisors bought a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $843,000. Thrivent Financial for Lutherans increased its holdings in shares of iShares U.S. Regional Banks ETF by 34.4% during the third quarter. Thrivent Financial for Lutherans now owns 34,406 shares of the company’s stock valued at $1,807,000 after acquiring an additional 8,801 shares in the last quarter. Finally, Game Plan Financial Advisors LLC raised its position in shares of iShares U.S. Regional Banks ETF by 755.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock worth $2,392,000 after purchasing an additional 38,311 shares during the period.

iShares U.S. Regional Banks ETF Price Performance

Shares of NYSEARCA:IAT opened at $54.74 on Friday. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $63.04. The stock’s 50 day moving average is $56.55 and its 200-day moving average is $54.26. The firm has a market capitalization of $577.51 million, a price-to-earnings ratio of 12.39 and a beta of 0.96.

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.