iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Trading Up 1% – Still a Buy?

iShares U.S. Regional Banks ETF (NYSEARCA:IATGet Free Report)’s stock price traded up 1% on Monday . The stock traded as high as $60.43 and last traded at $60.08. Approximately 130,196 shares changed hands during trading, a decline of 52% from the average daily volume of 273,559 shares. The stock had previously closed at $59.46.

iShares U.S. Regional Banks ETF Stock Performance

The company has a market capitalization of $656.66 million, a price-to-earnings ratio of 12.39 and a beta of 0.89. The business’s 50-day simple moving average is $58.02 and its 200-day simple moving average is $57.00.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC bought a new position in iShares U.S. Regional Banks ETF in the first quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth $25,000. Register Financial Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $39,000. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $41,000.

About iShares U.S. Regional Banks ETF

(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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