iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price were down 0.7% on Wednesday. The stock traded as low as $55.75 and last traded at $56.44. 213,314 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 233,990 shares. The stock had previously closed at $56.84.
iShares U.S. Regional Banks ETF Price Performance
The business’s 50 day moving average price is $60.86 and its 200-day moving average price is $59.96. The firm has a market capitalization of $606.73 million, a price-to-earnings ratio of 12.39 and a beta of 0.92.
Institutional Investors Weigh In On iShares U.S. Regional Banks ETF
A number of institutional investors have recently added to or reduced their stakes in IAT. Lido Advisors LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 1st quarter valued at approximately $10,280,000. Bank of America Corp DE grew its holdings in iShares U.S. Regional Banks ETF by 23.0% during 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 during the last quarter. Renaissance Technologies LLC grew its holdings in iShares U.S. Regional Banks ETF by 142.4% during the 1st quarter. Renaissance Technologies LLC now owns 22,300 shares of the company’s stock valued at $1,201,000 after buying an additional 13,100 shares during the last quarter. Fifth Third Bancorp acquired a new stake in iShares U.S. Regional Banks ETF during the 1st quarter valued at $524,000. Finally, Vanguard Capital Wealth Advisors purchased a new position in iShares U.S. Regional Banks ETF during the second quarter worth $524,000.
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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