iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Stock Price Up 1% – Here’s Why

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s share price shot up 1% on Monday . The stock traded as high as $60.43 and last traded at $60.08. 130,196 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 273,559 shares. The stock had previously closed at $59.46.

iShares U.S. Regional Banks ETF Stock Performance

The business has a 50-day simple moving average of $57.94 and a two-hundred day simple moving average of $56.94. The stock has a market cap of $642.86 million, a price-to-earnings ratio of 12.39 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the first quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at $25,000. Headlands Technologies LLC bought a new position in iShares U.S. Regional Banks ETF in the 2nd quarter valued at about $25,000. Register Financial Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth $41,000.

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.