iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Should You Buy?

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $109.99 and last traded at $103.92, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Down 0.1 %

The firm has a fifty day moving average of $110.45 and a 200 day moving average of $116.66. The company has a market capitalization of $2.67 billion, a P/E ratio of 11.56 and a beta of 1.41.

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

A number of hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $28,000. Larson Financial Group LLC grew its holdings in iShares U.S. Home Construction ETF by 3,425.0% during the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 274 shares during the last quarter. Blue Trust Inc. purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth about $37,000. Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $40,000. Finally, FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the third quarter worth $46,000.

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.

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