iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Stock Price Up 1% – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares rose 1% on Monday . The stock traded as high as $60.43 and last traded at $60.08. 130,196 shares changed hands during trading, a decline of 52% from the average daily volume of 273,559 shares. The stock had previously closed at $59.46.

iShares U.S. Regional Banks ETF Trading Up 1.0%

The company has a 50 day moving average price of $57.94 and a 200-day moving average price of $56.94. The company has a market cap of $642.86 million, a P/E ratio of 12.39 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lido Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF in the 1st quarter worth about $10,280,000. Two Sigma Investments LP boosted its position in shares of iShares U.S. Regional Banks ETF by 154.3% during the 3rd quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock valued at $10,138,000 after purchasing an additional 117,100 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Regional Banks ETF by 23.0% during the 1st quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock worth $28,060,000 after buying an additional 97,510 shares in the last quarter. Jain Global LLC acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter worth $3,544,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at about $2,719,000.

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.