iShares U.S. Home Construction ETF (BATS:ITB) Sets New 52-Week High – Should You Buy?

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $125.50 and last traded at $123.35, with a volume of 925277 shares changing hands. The stock had previously closed at $123.82.

iShares U.S. Home Construction ETF Stock Performance

The stock has a market capitalization of $3.13 billion, a P/E ratio of 11.56 and a beta of 1.41. The company’s fifty day simple moving average is $122.45 and its two-hundred day simple moving average is $115.01.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 274 shares during the last quarter. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $37,000. Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $40,000. FSA Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $118,000.

iShares U.S. Home Construction ETF Company Profile

(Get Free Report)

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.

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