US Regional Banks ETF
Within this US regional bank ETF you will find the smaller and mid-sized American banks. These US regional banks are predominantly focused on the United States themselves. A contrast with the large international banks of course.
The advantage of this US regional bank ETF is that all banks are almost 100% depended on the market situation in the US which makes them more predictable. In general these regional banks are more traditional in doing their day-to-day business. You will not find many exotic financial products with these regional banks.
iShares US Regional Banks ETF
This iShares US Regional Banks ETF is tracking the Dow Jones Select regional Banks index. About 55 regional banks are included in this regional bank ETF. Interest rates and general market conditions are very important to this market sector of course.
The largest bank included in this US regional banks ETF is US Bancorp with a 17% share. Then we will find PNC Financial Services Group with an 11% share followed by BB & T Corp with a 7% share.
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iShares U.S. Regional Banks ETF info:
ETF provider: iShares (BlackRock)
Ticker: IAT
ISIN: US4642887784
Currency: Dollar
Exchange: NYSE Arca