iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month High – Still a Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $124.53 and last traded at $126.26, with a volume of 1133575 shares changing hands. The stock had previously closed at $123.72.

iShares U.S. Home Construction ETF Trading Up 1.3 %

The stock has a market cap of $3.27 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock’s fifty day moving average price is $121.27 and its 200 day moving average price is $111.95.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ITB. Brookstone Capital Management bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at approximately $400,000. AdvisorNet Financial Inc raised its stake in iShares U.S. Home Construction ETF by 17.2% during the first quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 631 shares during the last quarter. MONECO Advisors LLC purchased a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at $206,000. PFG Advisors boosted its holdings in iShares U.S. Home Construction ETF by 8.9% in the second quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock worth $1,711,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of iShares U.S. Home Construction ETF in the second quarter worth $3,538,000.

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.