iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sets New 12-Month Low – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s stock price reached a new 52-week low during trading on Saturday . The stock traded as low as $38.56 and last traded at $40.05, with a volume of 1225208 shares traded. The stock had previously closed at $42.00.

iShares U.S. Regional Banks ETF Trading Down 4.6 %

The stock has a market cap of $626.78 million, a PE ratio of 12.08 and a beta of 1.11. The business has a fifty day simple moving average of $49.28 and a two-hundred day simple moving average of $50.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MML Investors Services LLC bought a new stake in iShares U.S. Regional Banks ETF in the fourth quarter worth $10,753,000. MinichMacGregor Wealth Management LLC bought a new stake in iShares U.S. Regional Banks ETF during the 4th quarter valued at about $7,025,000. Thrivent Financial for Lutherans increased its stake in iShares U.S. Regional Banks ETF by 885.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock valued at $7,780,000 after purchasing an additional 138,809 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Regional Banks ETF in the fourth quarter worth approximately $6,354,000. Finally, Adams Wealth Management purchased a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $5,215,000.

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.