iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High – Time to Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $127.43 and last traded at $126.38, with a volume of 2964249 shares traded. The stock had previously closed at $120.31.

iShares U.S. Home Construction ETF Price Performance

The business has a fifty day moving average of $122.62 and a 200 day moving average of $114.70. The stock has a market cap of $3.14 billion, a PE ratio of 11.56 and a beta of 1.41.

Institutional Trading of iShares U.S. Home Construction ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth $63,042,000. BNP Paribas Financial Markets grew its stake in iShares U.S. Home Construction ETF by 25.3% in the third 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 in the last quarter. Strategic Financial Concepts LLC bought a new stake in iShares U.S. Home Construction ETF in the second quarter valued at about $157,000. Mirae Asset Securities USA Inc. acquired a new stake in iShares U.S. Home Construction ETF during the second quarter valued at approximately $15,159,000. Finally, Marks Wealth LLC acquired a new stake in iShares U.S. Home Construction ETF during the third quarter valued at approximately $11,211,000.

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.