iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Reaches New 1-Year High at $48.96

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $48.96 and last traded at $48.69, with a volume of 84148 shares changing hands. The stock had previously closed at $47.61.

iShares U.S. Regional Banks ETF Stock Down 1.1 %

The firm has a fifty day moving average price of $46.65 and a two-hundred day moving average price of $43.29. The stock has a market capitalization of $696.67 million, a P/E ratio of 9.90 and a beta of 1.24.

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

Several institutional investors have recently modified their holdings of IAT. Cultivar Capital Inc. bought a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new position in iShares U.S. Regional Banks ETF in the fourth quarter worth approximately $55,000. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth $56,000. Principal Securities Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth $66,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at $130,000.

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.