Truist Financial Corp Reduces Holdings in iShares U.S. Regional Banks ETF $IAT

Truist Financial Corp reduced its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 54.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,396 shares of the company’s stock after selling 77,670 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Regional Banks ETF were worth $3,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of IAT. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Regional Banks ETF by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock valued at $8,895,000 after acquiring an additional 19,870 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares U.S. Regional Banks ETF by 23.3% during the second quarter. Envestnet Asset Management Inc. now owns 93,699 shares of the company’s stock valued at $4,643,000 after purchasing an additional 17,682 shares in the last quarter. Advisory Services Network LLC grew its holdings in iShares U.S. Regional Banks ETF by 42.8% during the second quarter. Advisory Services Network LLC now owns 56,828 shares of the company’s stock valued at $2,850,000 after purchasing an additional 17,031 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in iShares U.S. Regional Banks ETF in the second quarter worth about $555,000. Finally, Invested Advisors bought a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth about $449,000.

iShares U.S. Regional Banks ETF Stock Up 0.0%

IAT stock opened at $61.62 on Friday. The business’s 50-day moving average price is $56.46 and its 200-day moving average price is $53.11. The stock has a market cap of $643.93 million, a P/E ratio of 12.39 and a beta of 0.96. iShares U.S. Regional Banks ETF has a twelve month low of $38.30 and a twelve month high of $62.35.

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.