iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Stock Price Down 2.2% – Here’s Why

iShares U.S. Regional Banks ETF (NYSEARCA:IAT)’s share price were down 2.2% on Monday . The stock traded as low as $56.12 and last traded at $56.19. Approximately 121,606 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 288,520 shares. The stock had previously closed at $57.48.

iShares U.S. Regional Banks ETF Trading Down 1.0%

The stock’s 50-day simple moving average is $56.41 and its 200-day simple moving average is $56.05. The stock has a market cap of $607.87 million, a price-to-earnings ratio of 12.39 and a beta of 0.91.

Institutional Trading of iShares U.S. Regional Banks ETF

Several large investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new position in iShares U.S. Regional Banks ETF in the first quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in iShares U.S. Regional Banks ETF during the second quarter valued at $25,000. Register Financial Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth about $39,000. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth about $41,000.

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.