iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Gap Down – Here’s What Happened

Posted by Doug Wharley on Jan 16th, 2025

iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $52.81, but opened at $51.65. iShares U.S. Regional Banks ETF shares last traded at $51.90, with a volume of 65,729 shares trading hands.

iShares U.S. Regional Banks ETF Trading Down 2.3 %

The company has a 50-day moving average of $53.02 and a 200-day moving average of $49.01. The company has a market capitalization of $742.61 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in shares of iShares U.S. Regional Banks ETF by 4.6% in the third quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock worth $270,000 after buying an additional 251 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in iShares U.S. Regional Banks ETF by 8.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock worth $240,000 after purchasing an additional 396 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in iShares U.S. Regional Banks ETF by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after purchasing an additional 446 shares in the last quarter. FMR LLC boosted its position in 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 worth $84,000 after purchasing an additional 621 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the third quarter valued at approximately $39,000.

iShares U.S. Regional Banks ETF Company Profile

(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.