iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-high trading volume on Friday . Approximately 1,056,424 shares traded hands during mid-day trading, an increase of 250% from the previous session’s volume of 302,168 shares.The stock last traded at $49.90 and had previously closed at $49.46.

iShares U.S. Regional Banks ETF Price Performance

The firm’s fifty day moving average price is $52.73 and its two-hundred day moving average price is $47.63. The stock has a market cap of $724.32 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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

A number of large investors have recently modified their holdings of IAT. Magnolia Capital Advisors LLC bought a new position in iShares U.S. Regional Banks ETF in the 2nd quarter valued at about $5,590,000. Gimbal Financial purchased a new position in shares of iShares U.S. Regional Banks ETF during the third quarter valued at approximately $4,280,000. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Regional Banks ETF by 4,667.4% during the third quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock valued at $3,076,000 after buying an additional 63,336 shares during the last quarter. Cadent Capital Advisors LLC bought a new stake in iShares U.S. Regional Banks ETF during the third quarter worth $1,409,000. Finally, Sigma Planning Corp bought a new position in iShares U.S. Regional Banks ETF during the 3rd quarter valued at $965,000.

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.