Royal Bank of Canada Sells 28,248 Shares of iShares U.S. Regional Banks ETF $IAT

Royal Bank of Canada cut its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 12.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,585 shares of the company’s stock after selling 28,248 shares during the period. Royal Bank of Canada owned about 1.81% of iShares U.S. Regional Banks ETF worth $10,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. KCM Investment Advisors LLC lifted its stake in iShares U.S. Regional Banks ETF by 2.4% during the first quarter. KCM Investment Advisors LLC now owns 58,452 shares of the company’s stock worth $3,147,000 after purchasing an additional 1,375 shares during the period. Quantinno Capital Management LP boosted its holdings in iShares U.S. Regional Banks ETF by 71.8% during the first quarter. Quantinno Capital Management LP now owns 10,094 shares of the company’s stock valued at $543,000 after purchasing an additional 4,220 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 142.4% in the 1st quarter. Renaissance Technologies LLC now owns 22,300 shares of the company’s stock valued at $1,201,000 after purchasing an additional 13,100 shares during the period. Group One Trading LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 1st quarter valued at approximately $25,000. Finally, Lido Advisors LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 1st quarter worth approximately $10,280,000.

iShares U.S. Regional Banks ETF Stock Performance

Shares of NYSEARCA IAT opened at $64.24 on Friday. iShares U.S. Regional Banks ETF has a 52-week low of $47.37 and a 52-week high of $65.50. The business has a fifty day moving average of $61.99 and a two-hundred day moving average of $58.69. The stock has a market cap of $680.94 million, a PE ratio of 12.39 and a beta of 0.88.

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.