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 strong trading volume on Wednesday . 573,823 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 278,987 shares.The stock last traded at $52.08 and had previously closed at $52.88.

iShares U.S. Regional Banks ETF Stock Performance

The company has a market capitalization of $752.54 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The company has a 50-day moving average price of $52.14 and a 200-day moving average price of $50.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Regional Banks ETF by 23.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock worth $17,338,000 after acquiring an additional 70,206 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares U.S. Regional Banks ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 208,878 shares of the company’s stock worth $10,519,000 after purchasing an additional 14,928 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in 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 buying an additional 138,809 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at $7,025,000. Finally, Raymond James Financial Inc. bought a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth about $6,354,000.

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.