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

Shares of iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.99 and last traded at $109.15, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Up 4.2 %

The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The company’s 50 day moving average is $111.55 and its 200-day moving average is $116.38.

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

Large investors have recently added to or reduced their stakes in the business. Stonebridge Financial Planning Group LLC boosted its stake in iShares U.S. Home Construction ETF by 0.7% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock valued at $1,824,000 after purchasing an additional 96 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 5.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock worth $293,000 after buying an additional 115 shares in the last quarter. Great Diamond Partners LLC raised its stake in iShares U.S. Home Construction ETF by 1.0% during the third quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock worth $2,161,000 after acquiring an additional 169 shares in the last quarter. FMR LLC lifted its stake in iShares U.S. Home Construction ETF by 1.4% in the 3rd quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 182 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares U.S. Home Construction ETF by 5.3% in the 4th quarter. AdvisorNet Financial Inc now owns 4,001 shares of the exchange traded fund’s stock valued at $414,000 after acquiring an additional 203 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.