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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw unusually-strong trading volume on Friday . Approximately 418,374 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 295,734 shares.The stock last traded at $39.92 and had previously closed at $42.00.

iShares U.S. Regional Banks ETF Trading Down 4.6 %

The stock has a 50 day simple moving average of $49.28 and a 200-day simple moving average of $50.58. The firm has a market capitalization of $626.78 million, a P/E ratio of 12.08 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IAT. MML Investors Services LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $10,753,000. MinichMacGregor Wealth Management LLC purchased a new stake in iShares U.S. Regional Banks ETF in the fourth quarter worth about $7,025,000. Thrivent Financial for Lutherans increased its position in iShares U.S. Regional Banks ETF by 885.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 154,487 shares of the company’s stock worth $7,780,000 after buying an additional 138,809 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at about $6,354,000. Finally, Adams Wealth Management bought a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter valued at approximately $5,215,000.

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.