iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Here’s What Happened

Shares of iShares U.S. Home Construction ETF (BATS:ITB) reached a new 52-week high on Monday . The stock traded as high as $127.43 and last traded at $126.38, with a volume of 2964249 shares trading hands. The stock had previously closed at $120.31.

iShares U.S. Home Construction ETF Stock Up 0.0 %

The stock has a market cap of $3.14 billion, a P/E ratio of 11.56 and a beta of 1.41. The firm’s 50 day simple moving average is $122.62 and its two-hundred day simple moving average is $114.70.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors have recently modified their holdings of ITB. Stonebridge Financial Planning Group LLC lifted its holdings in iShares U.S. Home Construction ETF by 0.7% in the third quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock worth $1,824,000 after acquiring an additional 96 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 5.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 115 shares during the last quarter. Great Diamond Partners LLC boosted its position in iShares U.S. Home Construction ETF by 1.0% during the 3rd quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock valued at $2,161,000 after purchasing an additional 169 shares during the period. FMR LLC grew its stake in iShares U.S. Home Construction ETF by 1.4% during the 3rd quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock worth $1,626,000 after buying an additional 182 shares during the last quarter. Finally, KKM Financial LLC increased its position in iShares U.S. Home Construction ETF by 2.2% in the third quarter. KKM Financial LLC now owns 9,808 shares of the exchange traded fund’s stock worth $1,247,000 after buying an additional 211 shares during the period.

About iShares U.S. Home Construction ETF

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.