Crestwood Advisors Group LLC Sells 659 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Crestwood Advisors Group LLC trimmed its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 58,757 shares of the company’s stock after selling 659 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares U.S. Regional Banks ETF were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gimbal Financial lifted its stake in shares of iShares U.S. Regional Banks ETF by 1.6% during the 4th quarter. Gimbal Financial now owns 87,825 shares of the company’s stock worth $4,423,000 after buying an additional 1,363 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in iShares U.S. Regional Banks ETF by 232.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 34,007 shares of the company’s stock worth $1,713,000 after acquiring an additional 23,769 shares during the last quarter. Truist Financial Corp lifted its position in iShares U.S. Regional Banks ETF by 27.6% during the fourth quarter. Truist Financial Corp now owns 109,413 shares of the company’s stock worth $5,510,000 after acquiring an additional 23,682 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth approximately $747,000. Finally, bLong Financial LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at approximately $1,669,000.

iShares U.S. Regional Banks ETF Trading Down 0.5 %

Shares of NYSEARCA IAT opened at $50.26 on Tuesday. The business’s 50 day moving average is $51.72 and its 200-day moving average is $50.56. The firm has a market cap of $723.74 million, a P/E ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 1-year low of $38.75 and a 1-year high of $57.69.

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.