iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Gap Down – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) gapped down before the market opened on Thursday . The stock had previously closed at $52.81, but opened at $51.65. iShares U.S. Regional Banks ETF shares last traded at $51.90, with a volume of 65,729 shares trading hands.

iShares U.S. Regional Banks ETF Stock Performance

The stock has a market cap of $742.61 million, a PE ratio of 9.90 and a beta of 1.24. The company’s 50-day moving average price is $53.02 and its 200 day moving average price is $49.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IAT. Farther Finance Advisors LLC bought a new position in iShares U.S. Regional Banks ETF in the 3rd quarter worth approximately $39,000. FMR LLC boosted its stake in iShares U.S. Regional Banks ETF by 54.4% in the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after purchasing an additional 621 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $157,000. LRI Investments LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $212,000. Finally, Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at approximately $227,000.

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.