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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares saw unusually-high trading volume on Friday . Approximately 418,374 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 295,734 shares.The stock last traded at $39.92 and had previously closed at $42.00.

iShares U.S. Regional Banks ETF Trading Down 6.5 %

The company has a market capitalization of $614.58 million, a price-to-earnings ratio of 12.08 and a beta of 1.11. The company has a 50 day moving average price of $49.54 and a 200 day moving average price of $50.61.

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

Several large investors have recently bought and sold shares of the company. MML Investors Services LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth $10,753,000. MinichMacGregor Wealth Management LLC bought a new position in iShares U.S. Regional Banks ETF during the 4th quarter worth about $7,025,000. Thrivent Financial for Lutherans raised its stake in shares of iShares U.S. Regional Banks ETF by 885.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock valued at $7,780,000 after purchasing an additional 138,809 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $6,354,000. Finally, Adams Wealth Management acquired a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth about $5,215,000.

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.