iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Reaches New 1-Year High – Time to Buy?

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) hit a new 52-week high during trading on Tuesday . The company traded as high as $65.36 and last traded at $65.36, with a volume of 50598 shares traded. The stock had previously closed at $64.32.

iShares U.S. Regional Banks ETF Trading Up 1.0%

The company has a market cap of $688.79 million, a price-to-earnings ratio of 12.39 and a beta of 0.88. The company has a fifty day moving average price of $61.42 and a two-hundred day moving average price of $58.49.

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

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of iShares U.S. Regional Banks ETF by 23.0% in the 1st quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock valued at $28,060,000 after buying an additional 97,510 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares U.S. Regional Banks ETF by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 481,700 shares of the company’s stock valued at $26,566,000 after acquiring an additional 16,723 shares in the last quarter. Two Sigma Investments LP increased its stake in iShares U.S. Regional Banks ETF by 154.3% in the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock valued at $10,138,000 after acquiring an additional 117,100 shares during the period. Lido Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF in the first quarter valued at about $10,280,000. Finally, Goldman Sachs Group Inc. raised its position in iShares U.S. Regional Banks ETF by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 190,762 shares of the company’s stock worth $8,895,000 after purchasing an additional 19,870 shares in the last quarter.

iShares U.S. Regional Banks ETF Company Profile

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.