iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase – Here’s What Happened

Posted by Linda Flegge on Dec 1st, 2024

iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 689,468 shares were traded during 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 Stock Down 0.2 %

The stock’s 50-day moving average price is $50.85 and its 200 day moving average price is $46.47. The company has a market cap of $813.02 million, a P/E ratio of 9.90 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IAT. LRI Investments LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter valued at about $212,000. Stifel Financial Corp grew its holdings in iShares U.S. Regional Banks ETF by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 15,376 shares of the company’s stock valued at $731,000 after buying an additional 1,705 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in iShares U.S. Regional Banks ETF in the 3rd quarter valued at approximately $157,000. FMR LLC increased its position in 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 worth $84,000 after buying an additional 621 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of iShares U.S. Regional Banks ETF by 4.6% in the third quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock valued at $270,000 after acquiring an additional 251 shares during the period.

iShares U.S. Regional Banks ETF Company Profile

(Get Free Report)

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.