iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 52-Week High – Here’s Why

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 $119.67 and last traded at $118.89, with a volume of 1319250 shares changing hands. The stock had previously closed at $117.15.

iShares U.S. Home Construction ETF Trading Up 1.5 %

The stock’s fifty day moving average price is $122.77 and its 200 day moving average price is $113.02. The stock has a market cap of $3.02 billion, a P/E ratio of 11.56 and a beta of 1.41.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at $6,927,000. Sigma Planning Corp increased its stake in iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 3,117 shares in the last quarter. Beckerman Institutional LLC purchased a new position in iShares U.S. Home Construction ETF in the third quarter worth about $983,000. Heritage Wealth Management Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth approximately $257,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $474,000.

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.