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

iShares U.S. Regional Banks ETF (NYSEARCA:IATGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $58.65 and last traded at $58.47, with a volume of 38978 shares traded. The stock had previously closed at $56.84.

iShares U.S. Regional Banks ETF Stock Performance

The company has a market capitalization of $601.67 million, a PE ratio of 12.39 and a beta of 0.96. The stock’s 50 day moving average is $54.78 and its 200 day moving average is $52.64.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

A number of large investors have recently made changes to their positions in IAT. High Net Worth Advisory Group LLC grew its position in shares of iShares U.S. Regional Banks ETF by 28.0% during the 4th quarter. High Net Worth Advisory Group LLC now owns 9,140 shares of the company’s stock valued at $504,000 after purchasing an additional 2,000 shares in the last quarter. Register Financial Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF during the fourth quarter worth about $39,000. Game Plan Financial Advisors LLC grew its position in iShares U.S. Regional Banks ETF by 755.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock worth $2,392,000 after buying an additional 38,311 shares in the last quarter. Asempa Wealth Advisors bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth about $843,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Regional Banks ETF by 4.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,804 shares of the company’s stock valued at $19,741,000 after acquiring an additional 15,185 shares in the last quarter.

iShares U.S. Regional Banks ETF Company Profile

(Get Free Report)

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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