iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High – Should You Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $120.41 and last traded at $120.03, with a volume of 1268221 shares traded. The stock had previously closed at $118.98.

iShares U.S. Home Construction ETF Price Performance

The business’s 50 day simple moving average is $121.98 and its 200 day simple moving average is $115.48. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% during the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 274 shares during the period. Blue Trust Inc. purchased a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth $37,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $40,000. FSA Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth about $118,000.

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.