iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High – Here’s Why

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price hit a new 52-week high on Monday . The company traded as high as $129.89 and last traded at $124.92, with a volume of 2234347 shares traded. The stock had previously closed at $129.34.

iShares U.S. Home Construction ETF Stock Down 3.4 %

The business has a 50-day moving average price of $121.95 and a two-hundred day moving average price of $112.18. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $37,000. Opal Wealth Advisors LLC bought a new stake in iShares U.S. Home Construction ETF during the second quarter worth $138,000. International Assets Investment Management LLC bought a new stake in iShares U.S. Home Construction ETF during the second quarter worth $138,000. Strategic Financial Concepts LLC bought a new stake in iShares U.S. Home Construction ETF during the second quarter worth $157,000. Finally, Trust Co. of Vermont bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $191,000.

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.