Carret Asset Management LLC Sells 1,880 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Carret Asset Management LLC reduced its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,085 shares of the company’s stock after selling 1,880 shares during the period. Carret Asset Management LLC owned about 0.19% of iShares U.S. Regional Banks ETF worth $1,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $30,000. Sunbelt Securities Inc. bought a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at $48,000. Transcendent Capital Group LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at $55,000. Principal Securities Inc. bought a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter worth $66,000. Finally, NBC Securities Inc. increased its position in iShares U.S. Regional Banks ETF by 178.0% during the fourth quarter. NBC Securities Inc. now owns 1,793 shares of the company’s stock valued at $75,000 after acquiring an additional 1,148 shares during the last quarter.

iShares U.S. Regional Banks ETF Trading Down 1.3 %

iShares U.S. Regional Banks ETF stock traded down $0.53 during trading on Wednesday, reaching $41.46. The company had a trading volume of 157,825 shares, compared to its average volume of 237,472. The firm has a market capitalization of $597.02 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The firm’s 50-day simple moving average is $41.40 and its 200 day simple moving average is $41.25. iShares U.S. Regional Banks ETF has a 52 week low of $30.46 and a 52 week high of $43.95.

iShares U.S. Regional Banks ETF Company 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.