iShares U.S. Home Construction ETF (BATS:ITB) Sets New 52-Week High – What’s Next?

iShares U.S. Home Construction ETF (BATS:ITB) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.99 and last traded at $111.38, with a volume of 4965026 shares traded. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Price Performance

The company has a market cap of $2.73 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock has a 50-day moving average of $110.89 and a 200 day moving average of $116.67.

Institutional Trading of iShares U.S. Home Construction ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in iShares U.S. Home Construction ETF by 25.3% during the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after purchasing an additional 173,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth $63,042,000. Capital Asset Advisory Services LLC lifted its position in shares of iShares U.S. Home Construction ETF by 2.8% during the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock worth $37,955,000 after buying an additional 9,934 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at about $24,537,000. Finally, Strategic Financial Concepts LLC bought a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at about $160,000.

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.