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

iShares U.S. Regional Banks ETF (NYSEARCA:IATGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 329,381 shares traded hands during trading, an increase of 16% from the previous session’s volume of 283,861 shares.The stock last traded at $47.52 and had previously closed at $47.61.

iShares U.S. Regional Banks ETF Price Performance

The stock has a 50-day moving average price of $50.36 and a 200-day moving average price of $50.66. The firm has a market capitalization of $742.75 million, a PE ratio of 12.08 and a beta of 1.11.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IAT. Larson Financial Group LLC grew its position in shares of iShares U.S. Regional Banks ETF by 4.6% in the 3rd quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock worth $270,000 after acquiring an additional 251 shares in the last quarter. Comerica Bank boosted its position in iShares U.S. Regional Banks ETF by 13.8% during the 4th quarter. Comerica Bank now owns 4,911 shares of the company’s stock valued at $247,000 after purchasing an additional 595 shares during the period. FMR LLC boosted its holdings in shares of iShares U.S. Regional Banks ETF by 54.4% during 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. Spectrum Wealth Counsel LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 1.1% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 66,349 shares of the company’s stock worth $3,341,000 after acquiring an additional 694 shares during the period. Finally, Global Trust Asset Management LLC bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth about $40,000.

About iShares U.S. Regional Banks ETF

(Get Free Report)

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.

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