iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 12-Month High at $47.76

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.76 and last traded at $47.51, with a volume of 56214 shares trading hands. The stock had previously closed at $47.44.

iShares U.S. Regional Banks ETF Price Performance

The firm has a market capitalization of $678.53 million, a PE ratio of 9.90 and a beta of 1.24. The firm has a fifty day moving average price of $41.94 and a 200 day moving average price of $41.49.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Institutional investors have recently bought and sold shares of the business. Planned Solutions Inc. acquired a new stake in iShares U.S. Regional Banks ETF during the fourth quarter valued at $30,000. Cultivar Capital Inc. bought a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at approximately $30,000. Transcendent Capital Group LLC acquired a new stake in iShares U.S. Regional Banks ETF in the fourth quarter valued at approximately $55,000. Principal Securities Inc. bought a new stake in iShares U.S. Regional Banks ETF in the fourth quarter worth approximately $66,000. Finally, NBC Securities Inc. increased its stake in shares of iShares U.S. Regional Banks ETF by 178.0% during the 4th quarter. NBC Securities Inc. now owns 1,793 shares of the company’s stock worth $75,000 after purchasing an additional 1,148 shares during 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.