iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $63.07 and last traded at $63.04, with a volume of 70269 shares changing hands. The stock had previously closed at $62.21.
iShares U.S. Regional Banks ETF Stock Down 1.0%
The business’s 50-day moving average price is $58.63 and its 200-day moving average price is $57.37. The firm has a market capitalization of $662.01 million, a PE ratio of 12.39 and a beta of 0.88.
Institutional Investors Weigh In On iShares U.S. Regional Banks ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAT. NewEdge Advisors LLC raised its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% during the first quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after acquiring an additional 475 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock valued at $8,895,000 after purchasing an additional 19,870 shares in the last quarter. Marshall Wace LLP increased its position in iShares U.S. Regional Banks ETF by 11.1% in the 2nd quarter. Marshall Wace LLP now owns 35,671 shares of the company’s stock worth $1,767,000 after purchasing an additional 3,553 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $217,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $555,000.
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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