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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.66 and last traded at $55.57, with a volume of 36343 shares traded. The stock had previously closed at $54.93.

iShares U.S. Regional Banks ETF Stock Down 0.5 %

The stock’s 50 day moving average price is $48.96 and its 200-day moving average price is $45.45. The stock has a market capitalization of $784.08 million, a PE 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 bought and sold shares of the stock. Larson Financial Group LLC grew its stake in iShares U.S. Regional Banks ETF by 4.6% during the third quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock valued at $270,000 after acquiring an additional 251 shares in the last quarter. Game Plan Financial Advisors LLC grew its stake in 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 valued at $218,000 after acquiring an additional 300 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of iShares U.S. Regional Banks ETF by 8.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock worth $240,000 after buying an additional 396 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of iShares U.S. Regional Banks ETF by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after buying an additional 446 shares in the last quarter. Finally, FMR LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 54.4% in the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after buying an additional 621 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.