Investors Buy Large Volume of iShares U.S. Home Construction ETF Call Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw unusually large options trading on Monday. Stock investors acquired 17,163 call options on the stock. This is an increase of 429% compared to the average volume of 3,244 call options.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB traded up $3.62 during trading hours on Monday, hitting $96.36. The stock had a trading volume of 2,714,272 shares, compared to its average volume of 2,520,511. The firm has a 50-day moving average price of $89.68 and a 200 day moving average price of $96.22. iShares U.S. Home Construction ETF has a fifty-two week low of $82.08 and a fifty-two week high of $115.26. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2104 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 0.9%. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

Institutional Trading of iShares U.S. Home Construction ETF

Institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC raised its position in shares of iShares U.S. Home Construction ETF by 54.4% during the third quarter. Provenance Wealth Advisors LLC now owns 1,419 shares of the exchange traded fund’s stock worth $123,000 after acquiring an additional 500 shares during the last quarter. Next Level Wealth Planning LLC bought a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $44,000. International Assets Investment Management LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 3,423.8% during the 3rd quarter. International Assets Investment Management LLC now owns 118,401 shares of the exchange traded fund’s stock worth $10,303,000 after acquiring an additional 115,041 shares during the period. Choreo LLC raised its holdings in iShares U.S. Home Construction ETF by 28.5% in the third quarter. Choreo LLC now owns 3,051 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 677 shares during the last quarter. Finally, WestEnd Advisors LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth approximately $378,000.

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