Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) saw an uptick in trading volume on Wednesday. 639,462 shares were traded 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 has a 50-day moving average price of $59.44 and a 200-day moving average price of $59.22. The company has a market capitalization of $629.75 million, a P/E ratio of 12.39 and a beta of 0.91.
Institutional Trading of iShares U.S. Regional Banks ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in iShares U.S. Regional Banks ETF during the 1st quarter worth about $25,000. Root Financial Partners LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter worth about $51,000. Barrett & Company Inc. acquired a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at about $64,000. Toth Financial Advisory Corp acquired a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at about $73,000. Finally, Parallel Advisors LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at about $81,000.
iShares U.S. Regional Banks ETF Company Profile
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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