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

iShares U.S. Home Construction ETF (BATS:ITB) shares reached a new 52-week high on Tuesday . The stock traded as high as $109.99 and last traded at $111.38, with a volume of 4965026 shares traded. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Up 5.8 %

The company’s fifty day simple moving average is $111.25 and its two-hundred day simple moving average is $116.73. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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

Several hedge funds have recently bought and sold shares of ITB. Bank of Montreal Can raised its holdings in iShares U.S. Home Construction ETF by 5.9% in the second quarter. Bank of Montreal Can now owns 6,987 shares of the exchange traded fund’s stock worth $707,000 after purchasing an additional 390 shares during the period. Toronto Dominion Bank bought a new stake in shares of iShares U.S. Home Construction ETF during the second quarter worth $3,538,000. Creative Planning increased its position in shares of iShares U.S. Home Construction ETF by 6.0% during the second quarter. Creative Planning now owns 24,913 shares of the exchange traded fund’s stock worth $2,518,000 after acquiring an additional 1,416 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Home Construction ETF by 4.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,820 shares of the exchange traded fund’s stock worth $2,104,000 after acquiring an additional 804 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of iShares U.S. Home Construction ETF by 308.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,160 shares of the exchange traded fund’s stock worth $1,330,000 after acquiring an additional 9,937 shares in the last quarter.

iShares U.S. Home Construction ETF Company Profile

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.