iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 12-Month High – What’s Next?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) reached a new 52-week high on Tuesday . The company traded as high as $65.36 and last traded at $65.36, with a volume of 50598 shares changing hands. The stock had previously closed at $64.32.

iShares U.S. Regional Banks ETF Stock Performance

The firm has a 50 day moving average price of $61.42 and a two-hundred day moving average price of $58.49. The company has a market capitalization of $688.79 million, a P/E ratio of 12.39 and a beta of 0.88.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of large investors have recently bought and sold shares of IAT. Group One Trading LLC acquired a new position in iShares U.S. Regional Banks ETF during the first quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at $25,000. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth about $25,000. Register Financial Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth about $39,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth about $41,000.

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.