iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) shares traded down 2.2% during mid-day trading on Monday . The company traded as low as $56.12 and last traded at $56.19. 121,606 shares were traded during mid-day trading, a decline of 58% from the average session volume of 288,520 shares. The stock had previously closed at $57.48.
iShares U.S. Regional Banks ETF Trading Down 2.2%
The stock’s 50-day moving average is $56.41 and its 200-day moving average is $56.05. The stock has a market cap of $601.23 million, a P/E ratio of 12.39 and a beta of 0.91.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asempa Wealth Advisors bought a new position in iShares U.S. Regional Banks ETF during the 4th quarter valued at $843,000. Gallagher Capital Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at about $463,000. Thrivent Financial for Lutherans boosted its position in shares of iShares U.S. Regional Banks ETF by 34.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 34,406 shares of the company’s stock valued at $1,807,000 after purchasing an additional 8,801 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Regional Banks ETF by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,804 shares of the company’s stock valued at $19,741,000 after purchasing an additional 15,185 shares in the last quarter. Finally, Game Plan Financial Advisors LLC boosted its position in shares of iShares U.S. Regional Banks ETF by 755.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock valued at $2,392,000 after purchasing an additional 38,311 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.
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