iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Here’s Why

by · The Cerbat Gem

iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $129.89 and last traded at $124.92, with a volume of 2234347 shares. The stock had previously closed at $129.34.

iShares U.S. Home Construction ETF Stock Down 0.3 %

The company’s 50 day moving average price is $122.37 and its 200 day moving average price is $112.35. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Trading of iShares U.S. Home Construction ETF

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of iShares U.S. Home Construction ETF by 47.6% in the third quarter. Private Advisor Group LLC now owns 77,264 shares of the exchange traded fund’s stock worth $9,820,000 after purchasing an additional 24,920 shares during the last quarter. Fortis Group Advisors LLC increased its holdings in iShares U.S. Home Construction ETF by 1,163.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 34,260 shares of the exchange traded fund’s stock worth $4,354,000 after buying an additional 31,548 shares during the period. Marks Wealth LLC purchased a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $11,211,000. Blue Trust Inc. acquired a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $37,000. Finally, Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at $191,000.

About iShares U.S. Home Construction ETF

(Get Free Report)

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.

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