Practicing yoga will help you in stretching the muscles that surround the IT band. Many yoga poses that focus on the leg muscles can be modified to increase the stretch towards the area where the IT band lies. Through modification of these yoga poses, you can pay special attention to the glutes, hips, outer thighs, and side knees.
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Stretch and Strengthen: 7 Poses for a Healthy IT Band - YogaUOnline
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IT Band Stretches, IT Band Syndrome, Exercises for IT Band, Iliotibial Band, Yoga with Kate
12 Yoga Poses to Stretch Your IT Band - Yoga Rove
Yoga Poses to Effectively Stretch the IT Band
Best 5 IT Band Stretches for Runners (From a Run Coach)
Benefits of Yoga for mind, body and soul (Based on Neuroscience)