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

iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $109.99 and last traded at $97.76, with a volume of 4965026 shares. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Performance

The firm has a market cap of $2.57 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock has a fifty day simple moving average of $104.71 and a 200 day simple moving average of $115.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITB. BNP Paribas Financial Markets grew its position in iShares U.S. Home Construction ETF by 25.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after purchasing an additional 173,654 shares during the period. Wells Fargo & Company MN grew its holdings in shares of iShares U.S. Home Construction ETF by 97.2% in the fourth quarter. Wells Fargo & Company MN now owns 629,829 shares of the exchange traded fund’s stock worth $65,118,000 after acquiring an additional 310,481 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in iShares U.S. Home Construction ETF during the third quarter valued at $63,042,000. Capital Asset Advisory Services LLC lifted its holdings in iShares U.S. Home Construction ETF by 2.8% in the fourth quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after acquiring an additional 9,934 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in iShares U.S. Home Construction ETF by 2.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 356,213 shares of the exchange traded fund’s stock worth $36,829,000 after purchasing an additional 9,488 shares during the last quarter.

iShares U.S. Home Construction ETF Company Profile

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.