iShares U.S. Home Construction ETF (BATS:ITB) Sets New 1-Year High – Here’s Why

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $109.99 and last traded at $108.42, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Up 3.3 %

The company has a market capitalization of $2.76 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock’s fifty day moving average is $112.78 and its 200 day moving average is $116.04.

Institutional Trading of iShares U.S. Home Construction ETF

Institutional investors have recently modified their holdings of the company. Stonebridge Financial Planning Group LLC lifted its holdings 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 worth $1,824,000 after buying an additional 96 shares during the period. Valeo Financial Advisors LLC increased its position in 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 valued at $293,000 after purchasing an additional 115 shares during the period. Great Diamond Partners LLC lifted its position in shares of iShares U.S. Home Construction ETF by 1.0% in the 3rd quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock worth $2,161,000 after purchasing an additional 169 shares during the period. FMR LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 1.4% during 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 in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in iShares U.S. Home Construction ETF by 5.3% during 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 in 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.