Synovus Financial Corp Sells 504 Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Synovus Financial Corp decreased its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,225 shares of the company’s stock after selling 504 shares during the period. Synovus Financial Corp’s holdings in iShares U.S. Regional Banks ETF were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at $5,590,000. Gimbal Financial acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter valued at about $4,280,000. International Assets Investment Management LLC grew its position in iShares U.S. Regional Banks ETF by 4,667.4% in the third quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock valued at $3,076,000 after acquiring an additional 63,336 shares during the last quarter. Cadent Capital Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF during the third quarter worth about $1,409,000. Finally, Sigma Planning Corp bought a new position in shares of iShares U.S. Regional Banks ETF in the third quarter worth about $965,000.

iShares U.S. Regional Banks ETF Trading Down 4.5 %

IAT opened at $49.77 on Thursday. The company has a market cap of $716.69 million, a P/E ratio of 9.90 and a beta of 1.24. The company’s 50 day moving average is $52.66 and its 200-day moving average is $47.55. iShares U.S. Regional Banks ETF has a 1-year low of $38.40 and a 1-year high of $57.69.

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.