iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 52-Week High at $125.29

iShares U.S. Home Construction ETF (BATS:ITB)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $125.29 and last traded at $124.71, with a volume of 1283884 shares changing hands. The stock had previously closed at $123.97.

iShares U.S. Home Construction ETF Stock Down 0.1 %

The company has a market cap of $3.19 billion, a P/E ratio of 11.56 and a beta of 1.41. The business has a fifty day simple moving average of $116.26 and a two-hundred day simple moving average of $109.79.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ITB. Brightwater Advisory LLC bought a new position in iShares U.S. Home Construction ETF in the second quarter worth approximately $614,000. Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth $5,047,000. Advisory Alpha LLC raised its holdings in iShares U.S. Home Construction ETF by 41.5% in the 2nd quarter. Advisory Alpha LLC now owns 3,158 shares of the exchange traded fund’s stock worth $319,000 after purchasing an additional 926 shares during the period. Truist Financial Corp lifted its position in iShares U.S. Home Construction ETF by 20.6% during the second quarter. Truist Financial Corp now owns 19,693 shares of the exchange traded fund’s stock valued at $1,990,000 after purchasing an additional 3,366 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in iShares U.S. Home Construction ETF by 308.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,160 shares of the exchange traded fund’s stock valued at $1,330,000 after purchasing an additional 9,937 shares during the period.

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.