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

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) saw an uptick in trading volume on Tuesday . 329,381 shares changed hands during trading, an increase of 16% from the previous session’s volume of 283,861 shares.The stock last traded at $47.52 and had previously closed at $47.61.

iShares U.S. Regional Banks ETF Price Performance

The stock’s 50-day moving average is $50.54 and its 200 day moving average is $50.68. The stock has a market cap of $750.26 million, a price-to-earnings ratio of 12.08 and a beta of 1.11.

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

Large investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC acquired a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth $40,000. TD Waterhouse Canada Inc. purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $40,000. FMR LLC grew its holdings in iShares U.S. Regional Banks ETF by 54.4% during the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after buying an additional 621 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in iShares U.S. Regional Banks ETF in the 3rd quarter valued at $157,000. Finally, Finley Financial LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at $158,000.

iShares U.S. Regional Banks ETF Company Profile

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.