Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $65.63 and last traded at $65.51, with a volume of 14360 shares. The stock had previously closed at $65.15.
iShares U.S. Regional Banks ETF Price Performance
The company has a market cap of $691.86 million, a P/E ratio of 12.39 and a beta of 0.88. The stock’s 50-day moving average is $62.47 and its two-hundred day moving average is $58.85.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of iShares U.S. Regional Banks ETF by 1.5% in the fourth quarter. Stifel Financial Corp now owns 15,755 shares of the company’s stock worth $869,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC grew its stake in iShares U.S. Regional Banks ETF by 4.7% during the fourth quarter. Larson Financial Group LLC now owns 7,435 shares of the company’s stock valued at $410,000 after acquiring an additional 332 shares in the last quarter. Blair William & Co. IL grew its stake in iShares U.S. Regional Banks ETF by 7.4% during the fourth quarter. Blair William & Co. IL now owns 6,124 shares of the company’s stock valued at $338,000 after acquiring an additional 422 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at $25,000. Finally, Group One Trading LLC bought a new stake in iShares U.S. Regional Banks ETF in the 1st quarter valued at $25,000.
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.
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