iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Time to Buy?

iShares U.S. Home Construction ETF (BATS:ITB) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $118.27 and last traded at $117.47, with a volume of 874756 shares traded. The stock had previously closed at $117.72.

iShares U.S. Home Construction ETF Price Performance

The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The firm’s fifty day moving average is $122.77 and its 200 day moving average is $114.07.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. purchased a new position in iShares U.S. Home Construction ETF in the first quarter valued at about $341,000. Kingsview Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at approximately $653,000. Blair William & Co. IL increased its holdings in iShares U.S. Home Construction ETF by 4.5% in the first quarter. Blair William & Co. IL now owns 3,065 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 131 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in iShares U.S. Home Construction ETF by 5.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 257,634 shares of the exchange traded fund’s stock valued at $29,827,000 after acquiring an additional 12,835 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in iShares U.S. Home Construction ETF by 151.0% in the first quarter. Jane Street Group LLC now owns 72,752 shares of the exchange traded fund’s stock valued at $8,422,000 after acquiring an additional 43,770 shares during the last quarter.

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.