iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month Low – Should You Sell?

Shares of iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $84.70 and last traded at $84.64, with a volume of 332242 shares trading hands. The stock had previously closed at $86.95.

iShares U.S. Home Construction ETF Stock Down 2.9%

The firm has a 50 day moving average price of $93.44 and a 200 day moving average price of $94.53. The stock has a market cap of $1.94 billion, a P/E ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The firm also recently declared 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. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. This represents a $0.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

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

A number of institutional investors have recently added to or reduced their stakes in ITB. TD Waterhouse Canada Inc. raised its position in shares of iShares U.S. Home Construction ETF by 353.7% during the second quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 191 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter worth $65,000. Signature Equity Partners LLC grew its stake in iShares U.S. Home Construction ETF by 10,571.4% during the first quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 740 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at $69,000. Finally, Abound Financial LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth $96,000.

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.