iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 1-Year High – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.37 and last traded at $53.33, with a volume of 280581 shares trading hands. The stock had previously closed at $49.42.

iShares U.S. Regional Banks ETF Trading Up 0.4 %

The firm has a market cap of $772.70 million, a PE ratio of 9.90 and a beta of 1.24. The company’s 50-day moving average is $48.32 and its 200 day moving average is $45.00.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Several hedge funds have recently made changes to their positions in the company. Cultivar Capital Inc. acquired a new position in iShares U.S. Regional Banks ETF in the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF in the 3rd quarter valued at approximately $39,000. International Assets Investment Management LLC acquired a new position in iShares U.S. Regional Banks ETF in the 2nd quarter valued at approximately $56,000. Game Plan Financial Advisors LLC increased its stake in iShares U.S. Regional Banks ETF by 6.1% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock valued at $218,000 after buying an additional 300 shares during the period. Finally, Larson Financial Group LLC increased its stake in iShares U.S. Regional Banks ETF by 5.7% in the 2nd quarter. Larson Financial Group LLC now owns 5,437 shares of the company’s stock valued at $225,000 after buying an additional 292 shares during the period.

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.