iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 1-Year Low – Should You Sell?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares hit a new 52-week low during trading on Saturday . The company traded as low as $38.56 and last traded at $40.05, with a volume of 1225208 shares traded. The stock had previously closed at $42.00.

iShares U.S. Regional Banks ETF Stock Performance

The stock has a market capitalization of $626.78 million, a P/E ratio of 12.08 and a beta of 1.11. The business has a 50-day moving average price of $49.28 and a 200 day moving average price of $50.56.

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

A number of institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after buying an additional 621 shares during the last quarter. Stifel Financial Corp boosted its stake in iShares U.S. Regional Banks ETF by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 15,376 shares of the company’s stock valued at $731,000 after purchasing an additional 1,705 shares during the last quarter. LRI Investments LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter valued at $212,000. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Regional Banks ETF by 23.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock worth $17,338,000 after purchasing an additional 70,206 shares in the last quarter. Finally, Westwind Capital purchased a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter worth $1,068,000.

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.