iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Hits New 1-Year High at $43.96

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $43.96 and last traded at $43.91, with a volume of 91896 shares changing hands. The stock had previously closed at $43.67.

iShares U.S. Regional Banks ETF Trading Up 0.8 %

The company has a 50-day simple moving average of $41.42 and a 200 day simple moving average of $41.26. The company has a market cap of $633.60 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 company. Planned Solutions Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $55,000. Sunbelt Securities Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter worth $48,000. Principal Securities Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $66,000. Finally, NBC Securities Inc. lifted its holdings in shares of iShares U.S. Regional Banks ETF by 178.0% in the 4th quarter. NBC Securities Inc. now owns 1,793 shares of the company’s stock worth $75,000 after buying an additional 1,148 shares during the period.

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.