Northwestern Mutual Wealth Management Co. Lowers Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Northwestern Mutual Wealth Management Co. lowered its position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,594 shares of the company’s stock after selling 76,633 shares during the period. Northwestern Mutual Wealth Management Co. owned about 2.30% of iShares U.S. Regional Banks ETF worth $13,748,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in iShares U.S. Regional Banks ETF during the second quarter worth $30,000. Transcendent Capital Group LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth $55,000. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth about $56,000. EP Wealth Advisors LLC bought a new position in iShares U.S. Regional Banks ETF during the fourth quarter valued at about $130,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in iShares U.S. Regional Banks ETF during the first quarter worth about $152,000.

iShares U.S. Regional Banks ETF Stock Down 2.9 %

IAT opened at $46.15 on Wednesday. iShares U.S. Regional Banks ETF has a twelve month low of $30.46 and a twelve month high of $48.99. The company’s 50-day moving average price is $46.79 and its two-hundred day moving average price is $43.56. The stock has a market cap of $664.56 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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.