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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares saw unusually-high trading volume on Tuesday . Approximately 329,381 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 283,861 shares.The stock last traded at $47.52 and had previously closed at $47.61.

iShares U.S. Regional Banks ETF Stock Down 0.4 %

The firm has a market cap of $742.75 million, a PE ratio of 12.08 and a beta of 1.11. The company’s fifty day moving average price is $50.36 and its two-hundred day moving average price is $50.66.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IAT. Centaurus Financial Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $914,000. Kingstone Capital Partners Texas LLC acquired a new position in iShares U.S. Regional Banks ETF during the fourth quarter worth $437,000. Sunbelt Securities Inc. purchased a new stake in iShares U.S. Regional Banks ETF during the fourth quarter worth $410,000. Snowden Capital Advisors LLC grew its holdings in iShares U.S. Regional Banks ETF by 23.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,332 shares of the company’s stock valued at $621,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in iShares U.S. Regional Banks ETF by 23.6% in the fourth quarter. Royal Bank of Canada now owns 329,872 shares of the company’s stock valued at $16,612,000 after purchasing an additional 62,886 shares during the last quarter.

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.