iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 52-Week High – Should You Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $122.22 and last traded at $120.99, with a volume of 1030229 shares changing hands. The stock had previously closed at $119.80.

iShares U.S. Home Construction ETF Stock Performance

The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The business’s 50 day moving average is $122.79 and its 200 day moving average is $112.57.

Institutional Trading of iShares U.S. Home Construction ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of iShares U.S. Home Construction ETF by 56.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock valued at $198,451,000 after acquiring an additional 621,078 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth about $157,000. Hollencrest Capital Management raised its stake in shares of iShares U.S. Home Construction ETF by 61,853.2% during the 1st quarter. Hollencrest Capital Management now owns 154,883 shares of the exchange traded fund’s stock valued at $17,931,000 after buying an additional 154,633 shares during the last quarter. Mirae Asset Securities USA Inc. acquired a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at about $15,159,000. Finally, Marks Wealth LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the third quarter worth about $11,211,000.

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.