iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase – Should You Buy?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-high trading volume on Thursday . Approximately 416,918 shares were traded during trading, an increase of 42% from the previous session’s volume of 293,972 shares.The stock last traded at $54.74 and had previously closed at $54.23.

iShares U.S. Regional Banks ETF Stock Up 2.0 %

The firm has a market capitalization of $796.61 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The company’s 50 day moving average price is $49.61 and its 200 day moving average price is $45.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IAT. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at $5,590,000. Gimbal Financial bought a new position in iShares U.S. Regional Banks ETF during the third quarter worth about $4,280,000. International Assets Investment Management LLC boosted its stake in shares of iShares U.S. Regional Banks ETF by 4,667.4% in the 3rd quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock valued at $3,076,000 after purchasing an additional 63,336 shares in the last quarter. Cadent Capital Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $1,409,000. Finally, Sigma Planning Corp acquired a new position in shares of iShares U.S. Regional Banks ETF during the third quarter worth approximately $965,000.

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.