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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares saw unusually-high trading volume on Friday . Approximately 689,468 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 297,767 shares.The stock last traded at $56.58 and had previously closed at $56.56.

iShares U.S. Regional Banks ETF Trading Down 0.2 %

The firm’s 50 day moving average is $50.69 and its two-hundred day moving average is $46.37. The stock has a market cap of $813.02 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IAT. Cetera Advisors LLC increased its stake in shares of iShares U.S. Regional Banks ETF by 25.5% during the 1st quarter. Cetera Advisors LLC now owns 21,242 shares of the company’s stock valued at $921,000 after acquiring an additional 4,313 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $30,000. KCM Investment Advisors LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 1.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 49,649 shares of the company’s stock worth $2,058,000 after purchasing an additional 720 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter worth about $56,000. Finally, Game Plan Financial Advisors LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock worth $218,000 after purchasing an additional 300 shares during the period.

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.