iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High at $87.13

iShares U.S. Home Construction ETF (BATS:ITB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $87.13 and last traded at $87.02, with a volume of 1911580 shares traded. The stock had previously closed at $86.69.

iShares U.S. Home Construction ETF Trading Up 0.4 %

The company has a 50-day simple moving average of $78.51 and a 200 day simple moving average of $81.10. The firm has a market cap of $2.44 billion, a PE ratio of 7.49 and a beta of 1.36.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

Several hedge funds have recently bought and sold shares of ITB. Bank of America Corp DE raised its stake in shares of iShares U.S. Home Construction ETF by 74.5% during the 1st quarter. Bank of America Corp DE now owns 5,580,771 shares of the exchange traded fund’s stock worth $392,272,000 after buying an additional 2,382,632 shares during the period. Morgan Stanley raised its stake in iShares U.S. Home Construction ETF by 143.0% in the 3rd quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock valued at $288,356,000 after purchasing an additional 2,162,171 shares during the last quarter. Assetmark Inc. raised its stake in iShares U.S. Home Construction ETF by 1.3% in the 1st quarter. Assetmark Inc. now owns 1,955,032 shares of the exchange traded fund’s stock valued at $137,419,000 after purchasing an additional 24,141 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in iShares U.S. Home Construction ETF by 12.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,478,084 shares of the exchange traded fund’s stock valued at $126,287,000 after purchasing an additional 168,600 shares during the last quarter. Finally, Citigroup Inc. raised its stake in iShares U.S. Home Construction ETF by 237.9% in the 2nd quarter. Citigroup Inc. now owns 1,221,038 shares of the exchange traded fund’s stock valued at $104,325,000 after purchasing an additional 859,666 shares during the last quarter.

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.