iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw strong trading volume on Wednesday . 718,015 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 249,107 shares.The stock last traded at $47.00 and had previously closed at $46.18.

iShares U.S. Regional Banks ETF Stock Performance

The company’s fifty day moving average is $41.71 and its two-hundred day moving average is $41.38. The firm has a market cap of $667.44 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of iShares U.S. Regional Banks ETF by 6.1% during the fourth quarter. Larson Financial Group LLC now owns 4,811 shares of the company’s stock worth $201,000 after purchasing an additional 276 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares U.S. Regional Banks ETF by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock worth $162,000 after buying an additional 534 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in iShares U.S. Regional Banks ETF by 2.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 23,472 shares of the company’s stock valued at $982,000 after buying an additional 637 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at about $30,000. Finally, Hilltop Holdings Inc. increased its position in shares of iShares U.S. Regional Banks ETF by 8.3% during the fourth quarter. Hilltop Holdings Inc. now owns 11,226 shares of the company’s stock worth $470,000 after acquiring an additional 860 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.