iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Trading Down 1.4% – Time to Sell?

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) fell 1.4% on Wednesday . The stock traded as low as $57.73 and last traded at $57.85. 135,969 shares changed hands during trading, a decline of 41% from the average daily volume of 232,141 shares. The stock had previously closed at $58.65.

iShares U.S. Regional Banks ETF Stock Performance

The firm has a 50-day moving average of $62.87 and a 200-day moving average of $59.48. The firm has a market capitalization of $610.32 million, a P/E ratio of 12.39 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC bought a new position in iShares U.S. Regional Banks ETF during the 1st quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in iShares U.S. Regional Banks ETF in the fourth quarter valued at $43,000. International Assets Investment Management LLC increased its position in iShares U.S. Regional Banks ETF by 75.2% during the 1st quarter. International Assets Investment Management LLC now owns 1,785 shares of the company’s stock valued at $97,000 after purchasing an additional 766 shares during the period. Western Wealth Management LLC bought a new position in iShares U.S. Regional Banks ETF in the 1st quarter worth $100,000. Finally, NewEdge Advisors LLC lifted its position in shares of iShares U.S. Regional Banks ETF by 162.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,940 shares of the company’s stock worth $104,000 after purchasing an additional 1,202 shares during the period.

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.