iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 12-Month High – Time to Buy?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.77 and last traded at $56.26, with a volume of 176523 shares changing hands. The stock had previously closed at $56.23.

iShares U.S. Regional Banks ETF Price Performance

The firm has a market capitalization of $627.30 million, a price-to-earnings ratio of 12.39 and a beta of 0.96. The business’s 50-day moving average price is $51.04 and its 200 day moving average price is $51.05.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the second quarter worth about $25,000. AlphaCore Capital LLC grew its stake in iShares U.S. Regional Banks ETF by 103.1% during the 2nd quarter. AlphaCore Capital LLC now owns 591 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Kilter Group LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 2nd quarter worth approximately $41,000. Allworth Financial LP increased its holdings 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 last quarter. Finally, MAI Capital Management raised its position in shares of iShares U.S. Regional Banks ETF by 21.6% in the 1st quarter. MAI Capital Management now owns 1,216 shares of the company’s stock valued at $57,000 after purchasing an additional 216 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.