iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase – Here’s Why

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-high trading volume on Friday . Approximately 689,468 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 297,767 shares.The stock last traded at $56.58 and had previously closed at $56.56.

iShares U.S. Regional Banks ETF Stock Down 0.2 %

The firm has a market capitalization of $813.02 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The business has a 50-day moving average of $50.85 and a two-hundred day moving average of $46.47.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of institutional investors and hedge funds have recently modified their holdings of IAT. Cultivar Capital Inc. bought a new position in iShares U.S. Regional Banks ETF in the second quarter worth $30,000. Farther Finance Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth about $39,000. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at about $56,000. FMR LLC increased its stake in iShares U.S. Regional Banks ETF by 54.4% in the third quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after acquiring an additional 621 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in iShares U.S. Regional Banks ETF in the third quarter worth about $157,000.

About iShares U.S. Regional Banks ETF

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.