Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,056,424 shares were traded during trading, an increase of 250% from the previous session’s volume of 302,168 shares.The stock last traded at $49.90 and had previously closed at $49.46.
iShares U.S. Regional Banks ETF Stock Performance
The company has a market capitalization of $726.34 million, a PE ratio of 9.90 and a beta of 1.24. The stock has a 50 day moving average price of $52.70 and a two-hundred day moving average price of $47.56.
Institutional Trading of iShares U.S. Regional Banks ETF
Several large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF in the 2nd quarter valued at $227,000. Gimbal Financial bought a new position in iShares U.S. Regional Banks ETF in the third quarter valued at approximately $4,280,000. Thrivent Financial for Lutherans increased 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 buying an additional 446 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at about $5,590,000. Finally, MidWestOne Financial Group Inc. boosted its position in iShares U.S. Regional Banks ETF by 2.5% during the second quarter. MidWestOne Financial Group Inc. now owns 35,357 shares of the company’s stock worth $1,466,000 after purchasing an additional 848 shares during the period.
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.
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