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

iShares U.S. Home Construction ETF (BATS:ITB)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $109.99 and last traded at $103.45, with a volume of 4965026 shares traded. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Price Performance

The stock has a 50 day simple moving average of $108.52 and a two-hundred day simple moving average of $116.31. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

Institutional Trading of iShares U.S. Home Construction ETF

Several hedge funds have recently made changes to their positions in ITB. Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth $28,000. Larson Financial Group LLC lifted its stake in iShares U.S. Home Construction ETF by 3,425.0% during the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 274 shares in the last quarter. Blue Trust Inc. purchased a new position in iShares U.S. Home Construction ETF during the 3rd quarter valued at about $37,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth about $40,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the third quarter worth about $46,000.

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.