iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month High at $114.11

iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week high on Monday . The company traded as high as $114.11 and last traded at $112.53, with a volume of 2658712 shares changing hands. The stock had previously closed at $115.88.

iShares U.S. Home Construction ETF Trading Down 2.8 %

The firm has a market capitalization of $2.86 billion, a PE ratio of 11.56 and a beta of 1.41. The stock has a 50 day simple moving average of $106.49 and a 200 day simple moving average of $106.51.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Home Construction ETF by 56.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock valued at $198,451,000 after buying an additional 621,078 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $61,246,000. Wells Fargo & Company MN lifted its position in shares of iShares U.S. Home Construction ETF by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 282,127 shares of the exchange traded fund’s stock valued at $28,701,000 after acquiring an additional 7,303 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of iShares U.S. Home Construction ETF by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 257,634 shares of the exchange traded fund’s stock valued at $29,827,000 after acquiring an additional 12,835 shares during the period. Finally, Price Capital Management Inc. acquired a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $22,850,000.

About iShares U.S. Home Construction ETF

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.