iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Strong Trading Volume – Should You Buy?

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-strong trading volume on Monday . Approximately 387,426 shares were traded during mid-day trading, an increase of 39% from the previous session’s volume of 278,626 shares.The stock last traded at $49.06 and had previously closed at $49.25.

iShares U.S. Regional Banks ETF Stock Up 6.0 %

The stock has a 50-day simple moving average of $48.07 and a two-hundred day simple moving average of $44.87. The firm has a market cap of $754.56 million, a PE ratio of 9.90 and a beta of 1.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in shares of iShares U.S. Regional Banks ETF by 6.9% during the 1st quarter. Larson Financial Group LLC now owns 5,145 shares of the company’s stock valued at $223,000 after purchasing an additional 334 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 3.1% during the 1st quarter. KCM Investment Advisors LLC now owns 48,929 shares of the company’s stock worth $2,123,000 after acquiring an additional 1,475 shares during the period. Kingsview Wealth Management LLC raised its position in shares of iShares U.S. Regional Banks ETF by 87.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 58,423 shares of the company’s stock worth $2,534,000 after acquiring an additional 27,257 shares in the last quarter. Cetera Advisors LLC raised its position in shares of iShares U.S. Regional Banks ETF by 25.5% in the 1st quarter. Cetera Advisors LLC now owns 21,242 shares of the company’s stock worth $921,000 after acquiring an additional 4,313 shares in the last quarter. Finally, Cultivar Capital Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF in the 2nd quarter valued at approximately $30,000.

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.