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

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.99 and last traded at $102.07, with a volume of 4965026 shares trading hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Down 2.6 %

The stock has a market cap of $2.61 billion, a PE ratio of 11.56 and a beta of 1.41. The firm has a fifty day moving average of $106.38 and a 200 day moving average of $115.63.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Large investors have recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in iShares U.S. Home Construction ETF in the third quarter valued at $37,000. Park Avenue Securities LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 27.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock worth $466,000 after purchasing an additional 980 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $160,000. Sigma Planning Corp grew its holdings in shares of iShares U.S. Home Construction ETF by 49.0% during the third quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 3,117 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth about $210,000.

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.