iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Gap Down – Time to Sell?

iShares U.S. Regional Banks ETF (NYSEARCA:IAT) shares 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 Price Performance

The stock’s 50 day simple moving average is $52.97 and its two-hundred day simple moving average is $49.11. The stock has a market cap of $760.61 million, a P/E ratio of 9.90 and a beta of 1.24.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IAT. Larson Financial Group LLC raised its stake in shares of iShares U.S. Regional Banks ETF by 4.6% during the 3rd quarter. Larson Financial Group LLC now owns 5,688 shares of the company’s stock worth $270,000 after purchasing an additional 251 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of iShares U.S. Regional Banks ETF by 8.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock worth $240,000 after purchasing an additional 396 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of iShares U.S. Regional Banks ETF by 2.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,585 shares of the company’s stock worth $646,000 after purchasing an additional 446 shares in the last quarter. FMR LLC raised its stake in shares of 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 worth $84,000 after purchasing an additional 621 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $40,000.

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.