iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High at $125.29

Shares of iShares U.S. Home Construction ETF (BATS:ITB) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $125.29 and last traded at $124.71, with a volume of 1283884 shares trading hands. The stock had previously closed at $123.97.

iShares U.S. Home Construction ETF Stock Up 0.6 %

The company has a market capitalization of $3.17 billion, a P/E ratio of 11.56 and a beta of 1.41. The business has a 50 day simple moving average of $115.18 and a 200-day simple moving average of $109.55.

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

Several institutional investors have recently bought and sold shares of the stock. Brookstone Capital Management bought a new stake in shares of iShares U.S. Home Construction ETF during the 1st quarter worth about $400,000. Wilson & Boucher Capital Management LLC raised its holdings in iShares U.S. Home Construction ETF by 10.2% during the fourth quarter. Wilson & Boucher Capital Management LLC now owns 6,485 shares of the exchange traded fund’s stock worth $660,000 after purchasing an additional 600 shares in the last quarter. Blackstone Inc. bought a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $10,173,000. AdvisorNet Financial Inc lifted its holdings in shares of iShares U.S. Home Construction ETF by 17.2% in the first quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 631 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in iShares U.S. Home Construction ETF by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,308 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 110 shares in the last quarter.

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.