iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Unusually-High Trading Volume – Time to Buy?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares saw unusually-high trading volume on Wednesday . Approximately 296,886 shares were traded during trading, a decline of 8% from the previous session’s volume of 324,018 shares.The stock last traded at $52.58 and had previously closed at $51.38.

iShares U.S. Regional Banks ETF Price Performance

The firm has a market cap of $755.86 million, a PE ratio of 9.90 and a beta of 1.24. The company’s 50 day moving average price is $53.07 and its 200 day moving average price is $48.98.

Institutional Trading of iShares U.S. Regional Banks ETF

Several hedge funds have recently modified their holdings of IAT. Farther Finance Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $39,000. FMR LLC lifted its position in shares of iShares U.S. Regional Banks ETF by 54.4% during the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after purchasing an additional 621 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth $157,000. LRI Investments LLC purchased a new position in iShares U.S. Regional Banks ETF in the third quarter valued at $212,000. Finally, Creative Financial Designs Inc. ADV raised its stake in iShares U.S. Regional Banks ETF by 8.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock valued at $240,000 after buying an additional 396 shares in the last quarter.

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.