iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) traded down 1.4% during mid-day trading on Wednesday. The stock traded as low as $57.73 and last traded at $57.85. Approximately 135,969 shares traded hands during trading, a decline of 41% from the average session volume of 232,141 shares. The stock had previously closed at $58.65.
iShares U.S. Regional Banks ETF Stock Performance
The stock has a market cap of $617.49 million, a P/E ratio of 12.39 and a beta of 0.87. The stock’s fifty day moving average is $62.73 and its 200 day moving average is $59.51.
Institutional Investors Weigh In On iShares U.S. Regional Banks ETF
Several institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at approximately $204,000. Integrated Wealth Concepts LLC bought a new stake in iShares U.S. Regional Banks ETF in the second quarter worth $128,000. NewEdge Advisors LLC lifted its position in iShares U.S. Regional Banks ETF by 16.0% in the second quarter. NewEdge Advisors LLC now owns 2,250 shares of the company’s stock worth $140,000 after buying an additional 310 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its stake in iShares U.S. Regional Banks ETF by 749.3% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 5,614 shares of the company’s stock worth $349,000 after buying an additional 4,953 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF during the second quarter worth $375,000.
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.
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