iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year High at $101.71

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 $101.71 and last traded at $98.56, with a volume of 2680477 shares changing hands. The stock had previously closed at $101.06.

iShares U.S. Home Construction ETF Stock Up 0.3 %

The company has a market cap of $2.49 billion, a P/E ratio of 11.56 and a beta of 1.41. The business has a fifty day simple moving average of $104.69 and a two-hundred day simple moving average of $104.90.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. bought a new position in iShares U.S. Home Construction ETF during the first quarter valued at $1,133,000. Cetera Advisors LLC grew its position in iShares U.S. Home Construction ETF by 16.7% in the first quarter. Cetera Advisors LLC now owns 47,114 shares of the exchange traded fund’s stock worth $5,454,000 after acquiring an additional 6,743 shares in the last quarter. Cetera Investment Advisers increased its stake in iShares U.S. Home Construction ETF by 2,486.0% during the first quarter. Cetera Investment Advisers now owns 89,114 shares of the exchange traded fund’s stock worth $10,317,000 after acquiring an additional 85,668 shares during the last quarter. Atria Investments Inc raised its position in iShares U.S. Home Construction ETF by 183.8% during the first quarter. Atria Investments Inc now owns 44,931 shares of the exchange traded fund’s stock valued at $5,202,000 after purchasing an additional 29,097 shares during the period. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the 1st quarter worth approximately $209,000.

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.