iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Hits New 52-Week High – Here’s Why

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IATGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.92 and last traded at $63.92, with a volume of 1341 shares. The stock had previously closed at $62.75.

iShares U.S. Regional Banks ETF Price Performance

The stock’s 50 day simple moving average is $58.81 and its two-hundred day simple moving average is $57.47. The stock has a market cap of $671.09 million, a P/E ratio of 12.39 and a beta of 0.88.

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

Large investors have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the first quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the second quarter worth about $25,000. Register Financial Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth about $39,000. Finally, Kestra Advisory Services LLC acquired a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $41,000.

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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