iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year Low – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $82.11 and last traded at $82.3680, with a volume of 1,318,823 shares traded. The stock had previously closed at $84.64.

iShares U.S. Home Construction ETF Stock Up 4.0%

The business’s 50 day moving average is $91.67 and its 200-day moving average is $94.26. The firm has a market capitalization of $2.00 billion, a P/E ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.2104 per share. The ex-dividend date was Tuesday, September 15th. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. This represents a $0.84 annualized dividend and a yield of 1.0%.

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

A number of large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. raised its holdings in shares of iShares U.S. Home Construction ETF by 353.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 191 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 1st quarter worth $65,000. Signature Equity Partners LLC boosted its stake in iShares U.S. Home Construction ETF by 10,571.4% in the first quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 740 shares in the last quarter. Western Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF in the first quarter valued at about $138,000. Finally, Fifth Third Bancorp grew its holdings in shares of iShares U.S. Home Construction ETF by 356.3% during the first quarter. Fifth Third Bancorp now owns 1,588 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 1,240 shares during 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.