Truist Financial Corp Purchases 79,870 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Truist Financial Corp increased its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 36.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,938 shares of the company’s stock after buying an additional 79,870 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Regional Banks ETF were worth $12,508,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter worth $2,983,000. Abundance Wealth Counselors acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter worth $2,904,000. International Assets Investment Management LLC acquired a new stake in iShares U.S. Regional Banks ETF in the fourth quarter worth $2,365,000. Toronto Dominion Bank acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter worth $1,848,000. Finally, Commonwealth Equity Services LLC grew its holdings in iShares U.S. Regional Banks ETF by 27.7% in the third quarter. Commonwealth Equity Services LLC now owns 151,173 shares of the company’s stock worth $5,079,000 after purchasing an additional 32,799 shares during the period.

iShares U.S. Regional Banks ETF Trading Up 1.5 %

NYSEARCA:IAT opened at $41.49 on Thursday. The stock has a market capitalization of $611.98 million, a price-to-earnings ratio of 9.43 and a beta of 1.42. The firm has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $39.35. iShares U.S. Regional Banks ETF has a 12 month low of $28.80 and a 12 month high of $43.47.

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.