Truist Financial Corp raised its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,413 shares of the company’s stock after acquiring an additional 23,682 shares during the quarter. Truist Financial Corp owned approximately 0.76% of iShares U.S. Regional Banks ETF worth $5,510,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the third quarter valued at $39,000. Global Trust Asset Management LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at $40,000. FMR LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after acquiring an additional 621 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the third quarter valued at $157,000. Finally, Finley Financial LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at $158,000.
iShares U.S. Regional Banks ETF Stock Performance
Shares of NYSEARCA IAT opened at $50.52 on Friday. The stock has a market cap of $727.49 million, a PE ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 52-week low of $38.75 and a 52-week high of $57.69. The business has a fifty day moving average of $51.78 and a two-hundred day moving average of $50.48.
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.
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