iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month High – What’s Next?

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.99 and last traded at $109.15, with a volume of 4965026 shares. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Stock Up 4.2 %

The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The stock has a 50 day moving average of $111.55 and a 200 day moving average of $116.38.

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

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 274 shares during the period. Blue Trust Inc. bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $37,000. Darwin Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $40,000. FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $46,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $112,000.

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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