iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.00 and last traded at $48.81, with a volume of 106899 shares changing hands. The stock had previously closed at $47.45.
iShares U.S. Regional Banks ETF Stock Performance
The firm has a market capitalization of $702.43 million, a PE ratio of 9.90 and a beta of 1.24. The stock has a fifty day moving average price of $46.71 and a 200-day moving average price of $43.89.
Institutional Trading of iShares U.S. Regional Banks ETF
A number of institutional investors have recently modified their holdings of the company. Magnolia Capital Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth approximately $5,590,000. Abundance Wealth Counselors grew its holdings in iShares U.S. Regional Banks ETF by 8.0% in the first quarter. Abundance Wealth Counselors now owns 99,312 shares of the company’s stock worth $4,308,000 after purchasing an additional 7,384 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of iShares U.S. Regional Banks ETF by 87.5% during the first quarter. Kingsview Wealth Management LLC now owns 58,423 shares of the company’s stock worth $2,534,000 after purchasing an additional 27,257 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of iShares U.S. Regional Banks ETF by 1.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 49,649 shares of the company’s stock valued at $2,058,000 after purchasing an additional 720 shares during the last quarter. Finally, MidWestOne Financial Group Inc. boosted its position in shares of iShares U.S. Regional Banks ETF by 2.5% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 35,357 shares of the company’s stock worth $1,466,000 after purchasing an additional 848 shares in the last quarter.
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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