Cadent Capital Advisors LLC Sells 1,206 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Cadent Capital Advisors LLC decreased its holdings in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,909 shares of the company’s stock after selling 1,206 shares during the quarter. iShares U.S. Regional Banks ETF comprises about 1.1% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Cadent Capital Advisors LLC owned about 0.44% of iShares U.S. Regional Banks ETF worth $3,213,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. MML Investors Services LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at about $10,753,000. Thrivent Financial for Lutherans raised its position in iShares U.S. Regional Banks ETF by 885.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock valued at $7,780,000 after purchasing an additional 138,809 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $6,354,000. Adams Wealth Management purchased a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $5,215,000. Finally, Stifel Financial Corp boosted its holdings in shares of iShares U.S. Regional Banks ETF by 495.1% in the 4th quarter. Stifel Financial Corp now owns 91,497 shares of the company’s stock worth $4,608,000 after purchasing an additional 76,121 shares during the period.

iShares U.S. Regional Banks ETF Stock Performance

NYSEARCA:IAT opened at $45.81 on Wednesday. The firm has a market capitalization of $597.82 million, a PE ratio of 11.86 and a beta of 0.94. The stock’s fifty day moving average is $45.39 and its 200 day moving average is $48.46. iShares U.S. Regional Banks ETF has a fifty-two week low of $38.30 and a fifty-two week high of $57.69.

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.