iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Still a Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $125.50 and last traded at $123.35, with a volume of 925277 shares changing hands. The stock had previously closed at $123.82.

iShares U.S. Home Construction ETF Stock Down 0.4 %

The company has a 50 day moving average price of $122.45 and a 200-day moving average price of $115.01. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its position in iShares U.S. Home Construction ETF by 151.0% during the 1st quarter. Jane Street Group LLC now owns 72,752 shares of the exchange traded fund’s stock valued at $8,422,000 after purchasing an additional 43,770 shares during the period. Cetera Investment Advisers increased its position in iShares U.S. Home Construction ETF by 2,486.0% during the 1st quarter. Cetera Investment Advisers now owns 89,114 shares of the exchange traded fund’s stock valued at $10,317,000 after purchasing an additional 85,668 shares during the period. HBW Advisory Services LLC acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter valued at approximately $298,000. Opal Wealth Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter valued at approximately $138,000. Finally, Muirfield Wealth Advisors LLC increased its position in iShares U.S. Home Construction ETF by 2.5% during the 2nd quarter. Muirfield Wealth Advisors LLC now owns 8,902 shares of the exchange traded fund’s stock valued at $900,000 after purchasing an additional 221 shares during the period.

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.