iShares U.S. Home Construction ETF (BATS:ITB) Hits New 1-Year High – Time to Buy?

iShares U.S. Home Construction ETF (BATS:ITB) shares hit a new 52-week high on Monday . The company traded as high as $120.41 and last traded at $120.03, with a volume of 1268221 shares traded. The stock had previously closed at $118.98.

iShares U.S. Home Construction ETF Stock Performance

The company has a 50-day moving average of $121.63 and a 200-day moving average of $115.68. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Trading of iShares U.S. Home Construction ETF

A number of large investors have recently made changes to their positions in ITB. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $118,000. Sanctuary Advisors LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 18.6% during the third quarter. Sanctuary Advisors LLC now owns 56,670 shares of the exchange traded fund’s stock worth $6,818,000 after buying an additional 8,895 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $3,015,000. Sunbelt Securities Inc. lifted its stake in shares of iShares U.S. Home Construction ETF by 70.6% during the third quarter. Sunbelt Securities Inc. now owns 1,800 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 745 shares during the period. Finally, Wilson & Boucher Capital Management LLC boosted its position in iShares U.S. Home Construction ETF by 66.9% during the third quarter. Wilson & Boucher Capital Management LLC now owns 11,099 shares of the exchange traded fund’s stock worth $1,411,000 after acquiring an additional 4,450 shares during 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.