iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Sees Large Volume Increase – Still a Buy?

Posted by Stephan Jacobs on Oct 25th, 2024

iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Get Free Report) saw an uptick in trading volume on Friday . 258,623 shares traded hands during mid-day trading, a decline of 5% from the previous session’s volume of 272,877 shares.The stock last traded at $49.45 and had previously closed at $49.50.

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

The company’s 50-day simple moving average is $47.64 and its 200 day simple moving average is $44.33. The firm has a market capitalization of $707.76 million, a PE ratio of 9.90 and a beta of 1.24.

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

Several institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of iShares U.S. Regional Banks ETF by 5.7% in the 2nd quarter. Larson Financial Group LLC now owns 5,437 shares of the company’s stock valued at $225,000 after purchasing an additional 292 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of iShares U.S. Regional Banks ETF by 6.1% during the second quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock worth $218,000 after buying an additional 300 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of iShares U.S. Regional Banks ETF by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock valued at $646,000 after buying an additional 446 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in iShares U.S. Regional Banks ETF by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock worth $162,000 after acquiring an additional 534 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its position in iShares U.S. Regional Banks ETF by 1.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 49,649 shares of the company’s stock worth $2,058,000 after acquiring an additional 720 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.