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

iShares U.S. Home Construction ETF (BATS:ITB) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.99 and last traded at $111.38, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Price Performance

The company’s 50 day moving average price is $111.25 and its 200 day moving average price is $116.73. The firm has a market capitalization of $2.83 billion, a P/E ratio of 11.56 and a beta of 1.41.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Large investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF in the third quarter valued at approximately $37,000. Park Avenue Securities LLC lifted its holdings in iShares U.S. Home Construction ETF by 27.8% in the fourth quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 980 shares during the period. Sigma Planning Corp lifted its holdings in iShares U.S. Home Construction ETF by 49.0% in the third quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after buying an additional 3,117 shares during the period. Frank Rimerman Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the third quarter valued at approximately $210,000. Finally, Toronto Dominion Bank acquired a new position in iShares U.S. Home Construction ETF in the second quarter valued at approximately $3,538,000.

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.