Investors Buy Large Volume of iShares U.S. Home Construction ETF Put Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the target of unusually large options trading activity on Thursday. Stock investors purchased 23,269 put options on the stock. This is an increase of 171% compared to the typical daily volume of 8,581 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Planning Group LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 0.7% during the third quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock valued at $1,824,000 after acquiring an additional 96 shares in the last quarter. Valeo Financial Advisors LLC grew its position in iShares U.S. Home Construction ETF by 5.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 115 shares during the period. Great Diamond Partners LLC increased its stake in iShares U.S. Home Construction ETF by 1.0% during the 3rd quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock valued at $2,161,000 after purchasing an additional 169 shares in the last quarter. FMR LLC raised its holdings in iShares U.S. Home Construction ETF by 1.4% during the third quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock worth $1,626,000 after buying an additional 182 shares during the last quarter. Finally, KKM Financial LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 2.2% in the third quarter. KKM Financial LLC now owns 9,808 shares of the exchange traded fund’s stock valued at $1,247,000 after buying an additional 211 shares in the last quarter.

iShares U.S. Home Construction ETF Price Performance

ITB stock opened at $103.41 on Friday. The company’s 50-day moving average is $120.20 and its 200-day moving average is $115.96. The stock has a market capitalization of $2.63 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56.

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.