iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s share price reached a new 52-week high during mid-day 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 Price Performance
The firm’s fifty day moving average price is $48.32 and its 200-day moving average price is $45.00. The firm has a market capitalization of $772.70 million, a P/E ratio of 9.90 and a beta of 1.24.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cultivar Capital Inc. acquired a new stake in iShares U.S. Regional Banks ETF during the second quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF during the third quarter valued at approximately $39,000. International Assets Investment Management LLC acquired a new stake in iShares U.S. Regional Banks ETF during the second quarter valued at approximately $56,000. Game Plan Financial Advisors LLC lifted its stake in iShares U.S. Regional Banks ETF by 6.1% during the second quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock valued at $218,000 after purchasing an additional 300 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in iShares U.S. Regional Banks ETF by 5.7% during the second quarter. Larson Financial Group LLC now owns 5,437 shares of the company’s stock valued at $225,000 after purchasing an additional 292 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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