iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Hits New 1-Year High – Time to Buy?

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) hit a new 52-week high on Tuesday . The stock traded as high as $59.75 and last traded at $59.75, with a volume of 1674 shares. The stock had previously closed at $59.14.

iShares U.S. Regional Banks ETF Stock Performance

The stock has a market cap of $644.24 million, a PE ratio of 12.39 and a beta of 0.96. The stock has a fifty day simple moving average of $56.27 and a two-hundred day simple moving average of $53.06.

Institutional Trading of iShares U.S. Regional Banks ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 6.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after purchasing an additional 475 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of iShares U.S. Regional Banks ETF by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after acquiring an additional 19,870 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth $66,000. Game Plan Financial Advisors LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% during the second quarter. Game Plan Financial Advisors LLC now owns 5,068 shares of the company’s stock valued at $251,000 after purchasing an additional 293 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in iShares U.S. Regional Banks ETF by 22.7% during the second quarter. Blair William & Co. IL now owns 1,567 shares of the company’s stock valued at $78,000 after buying an additional 290 shares in 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.