iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year High at $99.24

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $99.24 and last traded at $98.56, with a volume of 2422999 shares trading hands. The stock had previously closed at $97.52.

iShares U.S. Home Construction ETF Stock Up 2.1 %

The company’s 50-day moving average is $103.93 and its 200 day moving average is $104.78. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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

Several institutional investors and hedge funds have recently modified their holdings of ITB. Toroso Investments LLC increased its position in shares of iShares U.S. Home Construction ETF by 59.8% in the third quarter. Toroso Investments LLC now owns 10,458 shares of the exchange traded fund’s stock valued at $821,000 after buying an additional 3,913 shares in the last quarter. Morgan Stanley increased its holdings in iShares U.S. Home Construction ETF by 143.0% in the 3rd quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after acquiring an additional 2,162,171 shares in the last quarter. Modera Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the third quarter worth $62,778,000. Sunbelt Securities Inc. lifted its holdings in iShares U.S. Home Construction ETF by 318.8% during the third quarter. Sunbelt Securities Inc. now owns 3,878 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 2,952 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at about $43,000.

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.

Further Reading

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