iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB) shares hit a new 52-week high on Monday . The stock traded as high as $109.99 and last traded at $103.45, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Down 1.7 %

The business’s fifty day simple moving average is $107.72 and its 200-day simple moving average is $116.11. The firm has a market cap of $2.63 billion, a P/E ratio of 11.56 and a beta of 1.41.

Institutional Trading of iShares U.S. Home Construction ETF

Several large investors have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC boosted its holdings in iShares U.S. Home Construction ETF by 34.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,116 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 1,321 shares in the last quarter. Interchange Capital Partners LLC boosted its position in shares of iShares U.S. Home Construction ETF by 26.2% during the fourth quarter. Interchange Capital Partners LLC now owns 2,075 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 431 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth about $97,000. Independent Solutions Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth about $272,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of iShares U.S. Home Construction ETF by 5.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,988 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 209 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.