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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw strong trading volume on Tuesday. 218,324 shares changed hands during trading, a decline of 7% from the previous session’s volume of 233,853 shares. The stock last traded at $57.9720 and had previously closed at $57.09.

iShares U.S. Regional Banks ETF Stock Up 0.7%

The stock has a market cap of $632.10 million, a P/E ratio of 12.39 and a beta of 0.92. The company’s 50 day moving average price is $60.19 and its two-hundred day moving average price is $60.11.

Institutional Investors Weigh In On iShares U.S. Regional Banks ETF

Hedge funds have recently made changes to their positions in the company. Lido Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the 1st quarter worth $10,280,000. Bank of America Corp DE raised its holdings in shares of iShares U.S. Regional Banks ETF by 23.0% in the first quarter. Bank of America Corp DE now owns 521,170 shares of the company’s stock valued at $28,060,000 after acquiring an additional 97,510 shares in the last quarter. Renaissance Technologies LLC lifted its stake in iShares U.S. Regional Banks ETF by 142.4% in the first quarter. Renaissance Technologies LLC now owns 22,300 shares of the company’s stock worth $1,201,000 after acquiring an additional 13,100 shares during the period. Fifth Third Bancorp purchased a new stake in iShares U.S. Regional Banks ETF in the first quarter worth about $524,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in iShares U.S. Regional Banks ETF in the second quarter worth about $524,000.

iShares U.S. Regional Banks ETF Company Profile

The iShares U.S. Regional Banks ETF (IAT) seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index. The fund provides targeted exposure to small- and mid-sized U.S. banks. The index uses a float-adjusted market-capitalization weighting methodology, meaning larger holdings have a greater influence on performance. Launched on May 1, 2006, the fund is managed by BlackRock Fund Advisors.