iShares U.S. Home Construction ETF (BATS:ITB) Hits New 12-Month High – Should You Buy?

iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $109.99 and last traded at $97.76, with a volume of 4965026 shares trading hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Price Performance

The stock’s 50 day moving average is $104.71 and its 200-day moving average is $115.11. The company has a market capitalization of $2.57 billion, a P/E ratio of 11.56 and a beta of 1.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth $28,000. Larson Financial Group LLC grew its position in shares of iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 274 shares during the period. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth about $37,000. Flagship Wealth Advisors LLC purchased a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at about $37,000. Finally, Redwood Park Advisors LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth about $39,000.

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.