Carret Asset Management LLC Cuts Stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Carret Asset Management LLC lessened its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,115 shares of the company’s stock after selling 6,615 shares during the quarter. Carret Asset Management LLC owned 0.20% of iShares U.S. Regional Banks ETF worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in iShares U.S. Regional Banks ETF by 5.7% in the second quarter. Larson Financial Group LLC now owns 5,437 shares of the company’s stock worth $225,000 after buying an additional 292 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in iShares U.S. Regional Banks ETF by 6.1% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock worth $218,000 after acquiring an additional 300 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in iShares U.S. Regional Banks ETF by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after acquiring an additional 446 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in iShares U.S. Regional Banks ETF by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock valued at $162,000 after acquiring an additional 534 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in iShares U.S. Regional Banks ETF by 1.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 49,649 shares of the company’s stock valued at $2,058,000 after purchasing an additional 720 shares during the last quarter.

iShares U.S. Regional Banks ETF Price Performance

IAT stock opened at $48.85 on Friday. The stock has a market capitalization of $703.44 million, a P/E ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 1-year low of $30.78 and a 1-year high of $50.84. The business has a fifty day moving average price of $47.70 and a 200-day moving average price of $44.39.

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.