iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Trading Down 2.2% – Here’s What Happened

Shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) fell 2.2% during trading on Monday . The stock traded as low as $56.12 and last traded at $56.19. 121,606 shares traded hands during trading, a decline of 58% from the average session volume of 288,520 shares. The stock had previously closed at $57.48.

iShares U.S. Regional Banks ETF Price Performance

The firm has a market capitalization of $601.23 million, a price-to-earnings ratio of 12.39 and a beta of 0.91. The firm’s fifty day moving average is $56.41 and its 200 day moving average is $56.05.

Institutional Trading of iShares U.S. Regional Banks ETF

A number of institutional investors have recently bought and sold shares of the company. MAI Capital Management boosted its position in iShares U.S. Regional Banks ETF by 20.0% during the third quarter. MAI Capital Management now owns 1,200 shares of the company’s stock valued at $63,000 after purchasing an additional 200 shares during the last quarter. Stifel Financial Corp boosted its position in iShares U.S. Regional Banks ETF by 1.5% during the fourth quarter. Stifel Financial Corp now owns 15,755 shares of the company’s stock valued at $869,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its position in iShares U.S. Regional Banks ETF by 4.7% during the fourth quarter. Larson Financial Group LLC now owns 7,435 shares of the company’s stock valued at $410,000 after purchasing an additional 332 shares during the last quarter. Cibc World Market Inc. boosted its position in iShares U.S. Regional Banks ETF by 8.5% during the third quarter. Cibc World Market Inc. now owns 5,128 shares of the company’s stock valued at $269,000 after purchasing an additional 400 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in iShares U.S. Regional Banks ETF by 7.4% during the fourth quarter. Blair William & Co. IL now owns 6,124 shares of the company’s stock valued at $338,000 after purchasing an additional 422 shares during the last quarter.

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.