iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price fell 0.7% during trading on Wednesday. The company traded as low as $55.75 and last traded at $56.44. 213,314 shares were traded 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 Stock Down 0.7%
The firm has a market capitalization of $606.73 million, a PE ratio of 12.39 and a beta of 0.92. The business’s fifty day moving average price is $60.86 and its 200 day moving average price is $59.96.
Hedge Funds Weigh In On iShares U.S. Regional Banks ETF
Several institutional investors have recently added to or reduced their stakes in IAT. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Regional Banks ETF by 23.0% during the first quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock worth $28,060,000 after purchasing an additional 97,510 shares during the period. Lido Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF in the 1st quarter valued at $10,280,000. KCM Investment Advisors LLC increased its stake in iShares U.S. Regional Banks ETF by 2.4% in the 1st quarter. KCM Investment Advisors LLC now owns 58,452 shares of the company’s stock valued at $3,147,000 after buying an additional 1,375 shares during the period. Westwind Capital increased its stake in iShares U.S. Regional Banks ETF by 8.5% in the 3rd quarter. Westwind Capital now owns 40,076 shares of the company’s stock valued at $2,293,000 after buying an additional 3,142 shares during the period. Finally, Renaissance Technologies LLC increased its stake in iShares U.S. Regional Banks ETF by 142.4% in the 1st quarter. Renaissance Technologies LLC now owns 22,300 shares of the company’s stock valued at $1,201,000 after buying an additional 13,100 shares during the period.
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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