iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 1-Year High – Here’s What Happened

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $57.16 and last traded at $57.16, with a volume of 21892 shares traded. The stock had previously closed at $55.81.

iShares U.S. Regional Banks ETF Stock Performance

The company has a 50 day simple moving average of $53.02 and a two-hundred day simple moving average of $52.07. The firm has a market cap of $604.62 million, a PE ratio of 12.39 and a beta of 0.96.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at $25,000. AlphaCore Capital LLC lifted its position in iShares U.S. Regional Banks ETF by 103.1% during the second quarter. AlphaCore Capital LLC now owns 591 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Kilter Group LLC purchased a new stake in iShares U.S. Regional Banks ETF in the second quarter valued at $41,000. Allworth Financial LP grew its position in iShares U.S. Regional Banks ETF by 559.6% during the 2nd quarter. Allworth Financial LP now owns 1,095 shares of the company’s stock worth $54,000 after purchasing an additional 929 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter worth about $60,000.

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.