iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Reaches New 52-Week High – Should You Buy?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s share price hit a new 52-week high on Thursday . The company traded as high as $65.63 and last traded at $65.51, with a volume of 14360 shares changing hands. The stock had previously closed at $65.15.

iShares U.S. Regional Banks ETF Price Performance

The business has a 50-day moving average of $62.47 and a 200 day moving average of $58.85. The company has a market capitalization of $691.86 million, a PE ratio of 12.39 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Independent Financial Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 1st quarter worth $423,000. Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 1st quarter valued at about $524,000. Lido Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 1st quarter valued at about $10,280,000. Truist Financial Corp raised its position in shares of iShares U.S. Regional Banks ETF by 72.2% during the 4th quarter. Truist Financial Corp now owns 110,873 shares of the company’s stock valued at $6,115,000 after buying an additional 46,477 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of iShares U.S. Regional Banks ETF by 371.7% in the 4th quarter. Comerica Bank now owns 9,330 shares of the company’s stock valued at $515,000 after acquiring an additional 7,352 shares during 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.