iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Hits New 1-Year High – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares reached a new 52-week high on Tuesday . The company traded as high as $63.92 and last traded at $63.90, with a volume of 6771 shares. The stock had previously closed at $63.36.

iShares U.S. Regional Banks ETF Trading Up 0.8%

The firm has a market capitalization of $680.00 million, a price-to-earnings ratio of 12.39 and a beta of 0.88. The company has a fifty day moving average price of $59.29 and a 200-day moving average price of $57.71.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF in the first quarter valued at approximately $10,280,000. Two Sigma Investments LP grew its position in iShares U.S. Regional Banks ETF by 154.3% in the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock worth $10,138,000 after acquiring an additional 117,100 shares in the last quarter. Bank of America Corp DE increased its stake 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 purchasing an additional 97,510 shares during the last quarter. Jain Global LLC acquired a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth $3,544,000. Finally, Equitable Holdings Inc. bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at $2,719,000.

iShares U.S. Regional Banks ETF Company Profile

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.