iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Strong Trading Volume – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw an uptick in trading volume on Thursday . 298,345 shares traded hands during trading, an increase of 37% from the previous session’s volume of 218,290 shares.The stock last traded at $57.03 and had previously closed at $56.37.

iShares U.S. Regional Banks ETF Stock Performance

The stock has a 50 day moving average price of $54.20 and a 200 day moving average price of $52.48. The company has a market capitalization of $603.88 million, a P/E ratio of 12.39 and a beta of 0.96.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of large investors have recently bought and sold shares of IAT. Headlands Technologies LLC purchased a new stake in iShares U.S. Regional Banks ETF during the second quarter valued at about $25,000. AlphaCore Capital LLC increased its position in shares of iShares U.S. Regional Banks ETF by 103.1% in the second quarter. AlphaCore Capital LLC now owns 591 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Kilter Group LLC purchased a new position in iShares U.S. Regional Banks ETF in the second quarter worth $41,000. Allworth Financial LP raised its holdings in shares of iShares U.S. Regional Banks ETF by 559.6% during the 2nd quarter. Allworth Financial LP now owns 1,095 shares of the company’s stock valued at $54,000 after buying an additional 929 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares U.S. Regional Banks ETF during the third quarter valued at about $60,000.

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.