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

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw strong trading volume on Wednesday . 360,881 shares changed hands during 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 Trading Up 3.0%

The company has a 50 day moving average price of $56.46 and a 200 day moving average price of $54.30. The company has a market capitalization of $601.03 million, a P/E ratio of 12.39 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Safe Harbor Fiduciary LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth approximately $25,000. Register Financial Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $39,000. Kestra Advisory Services LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $41,000. Finally, SHP Wealth Management bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $43,000.

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.