iShares U.S. Home Construction ETF Sees Unusually High Options Volume (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading activity on Thursday. Traders acquired 11,855 put options on the stock. This represents an increase of approximately 276% compared to the typical volume of 3,153 put options.

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

Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in iShares U.S. Home Construction ETF by 20.5% in the first quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after acquiring an additional 1,182,332 shares during the last quarter. Morgan Stanley raised its holdings in iShares U.S. Home Construction ETF by 12.3% during the 4th quarter. Morgan Stanley now owns 1,994,342 shares of the exchange traded fund’s stock worth $192,055,000 after purchasing an additional 219,142 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in iShares U.S. Home Construction ETF by 102.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,704,500 shares of the exchange traded fund’s stock valued at $164,143,000 after purchasing an additional 864,500 shares during the period. LPL Financial LLC lifted its position in iShares U.S. Home Construction ETF by 8.1% during the 4th quarter. LPL Financial LLC now owns 822,488 shares of the exchange traded fund’s stock valued at $79,206,000 after purchasing an additional 61,688 shares during the period. Finally, Main Management ETF Advisors LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 2.6% in the 4th quarter. Main Management ETF Advisors LLC now owns 643,542 shares of the exchange traded fund’s stock valued at $61,973,000 after purchasing an additional 16,140 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

ITB traded down $2.22 during mid-day trading on Thursday, reaching $88.09. The stock had a trading volume of 1,351,701 shares, compared to its average volume of 2,456,952. The stock has a market capitalization of $2.03 billion, a P/E ratio of 10.18 and a beta of 1.31. The firm’s fifty day simple moving average is $97.13 and its two-hundred day simple moving average is $96.23. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $116.06.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.