iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price dropped 0.7% during trading on Wednesday. The company traded as low as $55.75 and last traded at $56.44. Approximately 213,314 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 233,990 shares. The stock had previously closed at $56.84.
iShares U.S. Regional Banks ETF Trading Up 0.7%
The stock has a market capitalization of $619.21 million, a PE ratio of 12.39 and a beta of 0.92. The stock has a 50 day moving average price of $60.72 and a 200-day moving average price of $59.99.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
Large investors have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the first quarter worth $25,000. SHP Wealth Management bought a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at $43,000. Toth Financial Advisory Corp bought a new position in shares of iShares U.S. Regional Banks ETF in the third quarter valued at $73,000. International Assets Investment Management LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 75.2% in the 1st quarter. International Assets Investment Management LLC now owns 1,785 shares of the company’s stock worth $97,000 after acquiring an additional 766 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 1st quarter worth $100,000.
About iShares U.S. Regional Banks ETF
The iShares U.S. Regional Banks ETF (IAT) seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index. The fund provides targeted exposure to small- and mid-sized U.S. banks. The index uses a float-adjusted market-capitalization weighting methodology, meaning larger holdings have a greater influence on performance. Launched on May 1, 2006, the fund is managed by BlackRock Fund Advisors.
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