Edge Capital Group LLC Sells 7,495 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Edge Capital Group LLC reduced its stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,584 shares of the company’s stock after selling 7,495 shares during the quarter. Edge Capital Group LLC’s holdings in iShares U.S. Regional Banks ETF were worth $2,470,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter worth $209,000. Transcendent Capital Group LLC bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth $55,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of iShares U.S. Regional Banks ETF by 81.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 66,374 shares of the company’s stock valued at $2,777,000 after purchasing an additional 29,884 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in iShares U.S. Regional Banks ETF by 23.8% during the first quarter. Game Plan Financial Advisors LLC now owns 4,950 shares of the company’s stock valued at $215,000 after buying an additional 950 shares during the period. Finally, Aveo Capital Partners LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 25.2% during the fourth quarter. Aveo Capital Partners LLC now owns 42,193 shares of the company’s stock valued at $1,765,000 after purchasing an additional 8,496 shares during the last quarter.

iShares U.S. Regional Banks ETF Price Performance

Shares of iShares U.S. Regional Banks ETF stock opened at $48.38 on Friday. iShares U.S. Regional Banks ETF has a 1 year low of $30.46 and a 1 year high of $48.99. The firm’s 50-day moving average is $46.65 and its 200 day moving average is $43.30. The stock has a market cap of $696.67 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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.