iShares U.S. Home Construction ETF (BATS:ITB) Hits New 1-Year High – Time to Buy?

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $123.63 and last traded at $123.54, with a volume of 1753512 shares changing hands. The stock had previously closed at $123.72.

iShares U.S. Home Construction ETF Stock Up 0.2 %

The company has a market capitalization of $3.17 billion, a PE ratio of 11.56 and a beta of 1.41. The stock’s fifty day simple moving average is $120.07 and its 200-day simple moving average is $111.55.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vima LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at approximately $27,000. Tortoise Investment Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at $34,000. VitalStone Financial LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter worth about $45,000. Adirondack Trust Co. increased its position in iShares U.S. Home Construction ETF by 37.2% during the 4th quarter. Adirondack Trust Co. now owns 704 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 191 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter valued at about $138,000.

iShares U.S. Home Construction ETF Company Profile

(Get Free Report)

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.

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