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

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-high trading volume on Thursday . Approximately 298,345 shares changed hands during trading, an increase of 37% from the previous session’s volume of 218,290 shares.The stock last traded at $57.03 and had previously closed at $56.37.

iShares U.S. Regional Banks ETF Price Performance

The company’s 50-day simple moving average is $53.91 and its two-hundred day simple moving average is $52.39. The firm has a market capitalization of $608.33 million, a P/E ratio of 12.39 and a beta of 0.96.

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

Several institutional investors and hedge funds have recently bought and sold shares of IAT. Headlands Technologies LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at about $25,000. AlphaCore Capital LLC increased its holdings in shares of iShares U.S. Regional Banks ETF by 103.1% in the second quarter. AlphaCore Capital LLC now owns 591 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Kilter Group LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the second quarter worth about $41,000. Allworth Financial LP boosted its stake in iShares U.S. Regional Banks ETF by 559.6% during the second quarter. Allworth Financial LP now owns 1,095 shares of the company’s stock valued at $54,000 after buying an additional 929 shares during the last quarter. Finally, MAI Capital Management grew its holdings in iShares U.S. Regional Banks ETF by 20.0% during the 3rd quarter. MAI Capital Management now owns 1,200 shares of the company’s stock valued at $63,000 after buying an additional 200 shares in the last quarter.

iShares U.S. Regional Banks ETF Company Profile

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.