iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase – What’s Next?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares saw unusually-strong trading volume on Wednesday . Approximately 296,886 shares traded hands during mid-day 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 Stock Down 1.7 %

The company has a market cap of $747.50 million, a P/E ratio of 9.90 and a beta of 1.24. The business has a 50-day moving average price of $52.99 and a two-hundred day moving average price of $49.03.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC increased 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 valued at $270,000 after buying an additional 251 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in iShares U.S. Regional Banks ETF by 8.5% in the 3rd 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 during the last quarter. Thrivent Financial for Lutherans raised its holdings 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 acquiring an additional 446 shares in the last quarter. FMR LLC raised its stake 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 in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF during the third quarter worth $39,000.

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.