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

Posted by Alanna Baker on Jan 22nd, 2025

iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $109.99 and last traded at $109.15, with a volume of 4965026 shares trading hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Up 3.6 %

The company has a market cap of $2.77 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock has a 50 day moving average price of $111.90 and a two-hundred day moving average price of $116.48.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after acquiring an additional 173,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $63,042,000. Empirical Asset Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $24,537,000. Marks Wealth LLC bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth approximately $11,211,000. Finally, Private Advisor Group LLC raised its position 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 valued at $9,820,000 after buying an additional 24,920 shares in the last quarter.

iShares U.S. Home Construction ETF Company Profile

(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.