US Bancorp DE Reduces Stake in iShares U.S. Regional Banks ETF

On November 3, 2024, reports indicate that US Bancorp DE has decreased its investment in the iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 2.9% during the third quarter. According to the latest filing submitted to the Securities and Exchange Commission, US Bancorp DE now holds 240,879 shares of the ETF after selling 7,075 shares in the recent quarter. The current value of its holdings in the iShares U.S. Regional Banks ETF is approximately $11,451,000.

Additionally, other investment firms have been adjusting their positions in the iShares U.S. Regional Banks ETF lately. For instance, Magnolia Capital Advisors LLC established a new position in the ETF in the second quarter with an investment worth about $5,590,000. Similarly, Gimbal Financial entered a new investment in the ETF during the third quarter, valued at around $4,280,000. On another note, International Assets Investment Management LLC saw a significant increase in their stake by 4,667.4% during the same period, acquiring 64,693 shares valued at $3,076,000 after purchasing an additional 63,336 shares. Cadent Capital Advisors LLC also took a position in the ETF valued at $1,409,000, while Kingsview Wealth Management LLC increased its stake by 87.5% earlier this year, now owning 58,423 shares worth $2,534,000 after gaining 27,257 shares.

Performance Overview of iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF opened its trading at $49.25 on a recent Friday. Over the past year, the ETF has reached a low of $32.12 and a high of $50.84. Currently, it holds a market capitalization of $709.20 million, a price-to-earnings ratio of 9.90, and a beta of 1.24. The ETF’s fifty-day moving average price stands at $48.01, while the two-hundred-day moving average is at $44.68.

About the iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is designed to track the performance of the DJ US Select / Regional Banks index. This fund focuses on the performance of small- and mid-cap regional banks and was launched on May 1, 2006, managed by BlackRock.

US, Bancorp, ETFs