iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.84 and last traded at $50.42, with a volume of 61514 shares traded. The stock had previously closed at $49.69.
iShares U.S. Regional Banks ETF Trading Down 1.1 %
The business has a 50 day simple moving average of $47.92 and a 200-day simple moving average of $44.58. The stock has a market capitalization of $714.67 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
Several hedge funds and other institutional investors have recently modified their holdings of IAT. Cultivar Capital Inc. acquired a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at about $39,000. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at about $56,000. PNC Financial Services Group Inc. raised its holdings in shares of iShares U.S. Regional Banks ETF by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock valued at $162,000 after buying an additional 534 shares during the period. Finally, Game Plan Financial Advisors LLC raised its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% during 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.
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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