Trexquant Investment LP Lowers Stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Trexquant Investment LP cut its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 18.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,889 shares of the company’s stock after selling 1,137 shares during the quarter. Trexquant Investment LP’s holdings in iShares U.S. Regional Banks ETF were worth $246,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IAT. Global Trust Asset Management LLC purchased a new position in iShares U.S. Regional Banks ETF in the fourth quarter valued at about $40,000. FMR LLC grew its position in shares of iShares U.S. Regional Banks ETF by 54.4% in the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after buying an additional 621 shares during the last quarter. Finley Financial LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $158,000. PNC Financial Services Group Inc. lifted its position in iShares U.S. Regional Banks ETF by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,409 shares of the company’s stock valued at $172,000 after acquiring an additional 940 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $233,000.

iShares U.S. Regional Banks ETF Trading Up 0.2 %

NYSEARCA IAT opened at $40.51 on Monday. The firm’s fifty day simple moving average is $47.59 and its two-hundred day simple moving average is $50.25. The firm has a market capitalization of $629.93 million, a P/E ratio of 10.45 and a beta of 0.96. iShares U.S. Regional Banks ETF has a 12-month low of $38.30 and a 12-month high of $57.69.

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.