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

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw strong trading volume on Thursday . 416,918 shares traded hands during trading, an increase of 42% from the previous session’s volume of 293,972 shares.The stock last traded at $54.74 and had previously closed at $54.23.

iShares U.S. Regional Banks ETF Stock Up 2.0 %

The company has a market capitalization of $796.61 million, a P/E ratio of 9.90 and a beta of 1.24. The firm’s 50-day moving average price is $49.61 and its 200 day moving average price is $45.83.

Hedge Funds Weigh In On iShares U.S. Regional Banks ETF

A number of hedge funds have recently bought and sold shares of the business. Cultivar Capital Inc. bought a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth $30,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at $39,000. International Assets Investment Management LLC purchased a new position in iShares U.S. Regional Banks ETF in the second quarter valued at $56,000. FMR LLC increased its holdings in shares of 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 valued at $84,000 after acquiring an additional 621 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in iShares U.S. Regional Banks ETF in the third quarter valued at $157,000.

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.