iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 639,462 shares traded hands during trading, an increase of 146% from the average daily volume of 259,912 shares. The stock last traded at $60.9240 and had previously closed at $60.24.

iShares U.S. Regional Banks ETF Price Performance

The stock’s 50-day moving average is $59.52 and its 200 day moving average is $59.19. The company has a market cap of $649.45 million, a PE ratio of 12.39 and a beta of 0.91.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

Large investors have recently made changes to their positions in the business. Group One Trading LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the 1st quarter worth $25,000. Root Financial Partners LLC acquired a new stake in iShares U.S. Regional Banks ETF in the 3rd quarter worth approximately $51,000. Barrett & Company Inc. purchased a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $64,000. Toth Financial Advisory Corp acquired a new position in iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $73,000. Finally, Parallel Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $81,000.

iShares U.S. Regional Banks ETF Company Profile

(Get Free Report)

The iShares U.S. Regional Banks ETF (IAT) seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index. The fund provides targeted exposure to small- and mid-sized U.S. banks. The index uses a float-adjusted market-capitalization weighting methodology, meaning larger holdings have a greater influence on performance. Launched on May 1, 2006, the fund is managed by BlackRock Fund Advisors.

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