iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Gap Down – Here’s What Happened

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) gapped down prior to trading on Thursday . The stock had previously closed at $52.81, but opened at $51.65. iShares U.S. Regional Banks ETF shares last traded at $51.90, with a volume of 65,729 shares changing hands.

iShares U.S. Regional Banks ETF Trading Up 1.8 %

The company has a market cap of $760.61 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. The stock has a 50 day moving average price of $52.97 and a two-hundred day moving average price of $49.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $39,000. Global Trust Asset Management LLC bought a new position in iShares U.S. Regional Banks ETF in the fourth quarter valued at approximately $40,000. FMR LLC lifted its stake in iShares U.S. Regional Banks ETF by 54.4% in the third quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after buying an additional 621 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in iShares U.S. Regional Banks ETF in the third quarter valued at approximately $157,000. Finally, Finley Financial LLC bought a new position in iShares U.S. Regional Banks ETF in the fourth quarter valued at approximately $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.