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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw an uptick in trading volume on Wednesday . 360,881 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 357,834 shares.The stock last traded at $57.25 and had previously closed at $55.33.

iShares U.S. Regional Banks ETF Stock Up 3.0%

The stock has a market capitalization of $601.03 million, a PE ratio of 12.39 and a beta of 0.94. The firm has a 50 day moving average price of $56.46 and a 200 day moving average price of $54.30.

Institutional Trading of iShares U.S. Regional Banks ETF

Several institutional investors and hedge funds have recently modified their holdings of IAT. Two Sigma Investments LP raised its stake in shares of iShares U.S. Regional Banks ETF by 154.3% in the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock worth $10,138,000 after purchasing an additional 117,100 shares during the last quarter. Jain Global LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter worth approximately $3,544,000. Equitable Holdings Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter worth approximately $2,719,000. Truist Financial Corp raised its stake in shares of iShares U.S. Regional Banks ETF by 72.2% in the fourth quarter. Truist Financial Corp now owns 110,873 shares of the company’s stock worth $6,115,000 after purchasing an additional 46,477 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its stake in shares of iShares U.S. Regional Banks ETF by 755.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock worth $2,392,000 after purchasing an additional 38,311 shares during 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.