Royal Bank of Canada Sells 42,214 Shares of iShares U.S. Regional Banks ETF $IAT

Royal Bank of Canada reduced its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 12.8% during the first quarter, Holdings Channel.com reports. The firm owned 287,658 shares of the company’s stock after selling 42,214 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Regional Banks ETF were worth $13,414,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in iShares U.S. Regional Banks ETF by 101.4% in the 1st quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock worth $26,000 after purchasing an additional 284 shares during the period. Spire Wealth Management raised its holdings in iShares U.S. Regional Banks ETF by 1,236.1% in the 1st quarter. Spire Wealth Management now owns 1,109 shares of the company’s stock worth $52,000 after purchasing an additional 1,026 shares during the period. MAI Capital Management raised its holdings in iShares U.S. Regional Banks ETF by 21.6% in the 1st quarter. MAI Capital Management now owns 1,216 shares of the company’s stock worth $57,000 after purchasing an additional 216 shares during the period. Garde Capital Inc. bought a new position in iShares U.S. Regional Banks ETF in the 1st quarter worth $66,000. Finally, NBC Securities Inc. raised its holdings in iShares U.S. Regional Banks ETF by 174,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,750 shares of the company’s stock worth $81,000 after purchasing an additional 1,749 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

Shares of iShares U.S. Regional Banks ETF stock opened at $53.51 on Thursday. iShares U.S. Regional Banks ETF has a one year low of $38.30 and a one year high of $57.69. The stock’s fifty day moving average is $51.93 and its 200 day moving average is $48.11. The stock has a market cap of $647.47 million, a P/E ratio of 12.39 and a beta of 1.09.

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.