Stock Traders Buy Large Volume of Call Options on iShares U.S. Home Construction ETF (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw some unusual options trading activity on Tuesday. Investors purchased 10,367 call options on the company. This is an increase of approximately 123% compared to the typical volume of 4,643 call options.

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

A number of institutional investors have recently made changes to their positions in the business. Vista Investment Management boosted its stake in shares of iShares U.S. Home Construction ETF by 5.4% in the 3rd quarter. Vista Investment Management now owns 2,322 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 119 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 3.0% in the 4th quarter. DAVENPORT & Co LLC now owns 4,107 shares of the exchange traded fund’s stock valued at $396,000 after purchasing an additional 120 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 0.4% in the 3rd quarter. Rothschild Investment LLC now owns 34,665 shares of the exchange traded fund’s stock valued at $3,718,000 after purchasing an additional 130 shares in the last quarter. Giverny Capital Inc. boosted its stake in shares of iShares U.S. Home Construction ETF by 1.2% in the 4th quarter. Giverny Capital Inc. now owns 11,698 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 137 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of iShares U.S. Home Construction ETF by 8.7% in the 4th quarter. NBC Securities Inc. now owns 1,967 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 158 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Up 1.2%

Shares of iShares U.S. Home Construction ETF stock traded up $1.16 during trading on Tuesday, reaching $98.25. The company’s stock had a trading volume of 1,005,866 shares, compared to its average volume of 2,671,804. iShares U.S. Home Construction ETF has a 52-week low of $84.98 and a 52-week high of $118.00. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The firm’s 50-day moving average is $93.73 and its two-hundred day moving average is $98.92.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.