iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Reaches New 52-Week High – What’s Next?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $59.75 and last traded at $59.75, with a volume of 1674 shares. The stock had previously closed at $59.14.

iShares U.S. Regional Banks ETF Trading Up 1.8%

The stock has a fifty day moving average of $55.90 and a two-hundred day moving average of $52.94. The company has a market capitalization of $638.01 million, a PE ratio of 12.39 and a beta of 0.96.

Institutional Trading of iShares U.S. Regional Banks ETF

Several hedge funds have recently added to or reduced their stakes in IAT. NewEdge Advisors LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 8,282 shares of the company’s stock worth $386,000 after buying an additional 475 shares during the period. Goldman Sachs Group Inc. grew its position in iShares U.S. Regional Banks ETF by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after acquiring an additional 19,870 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in iShares U.S. Regional Banks ETF in the 2nd quarter worth approximately $66,000. Game Plan Financial Advisors LLC lifted its position in iShares U.S. Regional Banks ETF by 6.1% in the second quarter. Game Plan Financial Advisors LLC now owns 5,068 shares of the company’s stock valued at $251,000 after purchasing an additional 293 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of iShares U.S. Regional Banks ETF by 22.7% during the second quarter. Blair William & Co. IL now owns 1,567 shares of the company’s stock valued at $78,000 after purchasing an additional 290 shares during the period.

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.