iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year High – Here’s Why

iShares U.S. Home Construction ETF (BATS:ITB)’s share price hit a new 52-week high on Monday . The company traded as high as $109.99 and last traded at $98.96, with a volume of 4965026 shares traded. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Down 6.0 %

The business’s 50-day simple moving average is $103.94 and its two-hundred day simple moving average is $114.59. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.84 and a beta of 1.57.

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

A number of large investors have recently bought and sold shares of ITB. Golden State Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC grew its stake in iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 274 shares during the period. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth $40,000. Flagship Wealth Advisors LLC acquired a new position in iShares U.S. Home Construction ETF during the fourth quarter worth $37,000. Finally, FSA Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter valued at $46,000.

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.