Capital Investment Advisory Services LLC Sells 15,256 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Capital Investment Advisory Services LLC reduced its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 83.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,047 shares of the company’s stock after selling 15,256 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in iShares U.S. Regional Banks ETF were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth approximately $48,000. Signaturefd LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth $26,000. Wealth Management Partners LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 5.5% in the third quarter. Wealth Management Partners LLC now owns 13,221 shares of the company’s stock worth $444,000 after buying an additional 691 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth $478,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares U.S. Regional Banks ETF by 6.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 40,286 shares of the company’s stock worth $1,373,000 after buying an additional 2,275 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

IAT stock opened at $42.21 on Thursday. iShares U.S. Regional Banks ETF has a one year low of $28.80 and a one year high of $43.47. The company’s fifty day moving average price is $41.16 and its 200-day moving average price is $39.05. The company has a market capitalization of $622.60 million, a PE ratio of 9.43 and a beta of 1.42.

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.