Thrivent Financial for Lutherans Increases Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Thrivent Financial for Lutherans grew its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 885.4% during the 4th quarter, HoldingsChannel reports. The fund owned 154,487 shares of the company’s stock after purchasing an additional 138,809 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares U.S. Regional Banks ETF were worth $7,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Global Trust Asset Management LLC bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth about $40,000. FMR LLC lifted its stake in shares of iShares U.S. Regional Banks ETF by 54.4% in the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after buying an additional 621 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth approximately $157,000. Finley Financial LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $158,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 in the last quarter.

iShares U.S. Regional Banks ETF Trading Up 0.3 %

IAT stock opened at $46.57 on Monday. The stock’s 50 day simple moving average is $50.59 and its 200 day simple moving average is $50.67. iShares U.S. Regional Banks ETF has a 12-month low of $38.75 and a 12-month high of $57.69. The stock has a market capitalization of $728.82 million, a PE ratio of 12.08 and a beta of 1.11.

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.