iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $50.84 and last traded at $50.42, with a volume of 61514 shares trading hands. The stock had previously closed at $49.69.
iShares U.S. Regional Banks ETF Stock Performance
The firm has a 50 day simple moving average of $47.84 and a two-hundred day simple moving average of $44.54. The firm has a market capitalization of $724.61 million, a P/E ratio of 9.90 and a beta of 1.24.
Institutional Investors Weigh In On iShares U.S. Regional Banks ETF
Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC lifted its position 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 worth $225,000 after buying an additional 292 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position 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 worth $218,000 after buying an additional 300 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in iShares U.S. Regional Banks ETF by 8.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock worth $240,000 after buying an additional 396 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in iShares U.S. Regional Banks ETF by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after buying an additional 446 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in iShares U.S. Regional Banks ETF by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock worth $162,000 after buying an additional 534 shares during the last quarter.
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.
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