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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $55.96 and last traded at $55.74, with a volume of 109033 shares traded. The stock had previously closed at $54.96.

iShares U.S. Regional Banks ETF Price Performance

The company’s 50 day simple moving average is $49.79 and its 200 day simple moving average is $45.89. The firm has a market cap of $805.25 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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

Several institutional investors have recently modified their holdings of the business. Cetera Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 25.5% during the first quarter. Cetera Advisors LLC now owns 21,242 shares of the company’s stock worth $921,000 after purchasing an additional 4,313 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of iShares U.S. Regional Banks ETF during the second quarter worth $30,000. KCM Investment Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 1.5% during the second quarter. KCM Investment Advisors LLC now owns 49,649 shares of the company’s stock worth $2,058,000 after purchasing an additional 720 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Regional Banks ETF during the second quarter worth $56,000. Finally, Game Plan Financial Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 6.1% during the second quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock worth $218,000 after purchasing an additional 300 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.