iShares U.S. Home Construction ETF (BATS:ITB) Hits New 12-Month High – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB) shares hit a new 52-week high during trading on Monday . The stock traded as high as $127.43 and last traded at $126.38, with a volume of 2964249 shares traded. The stock had previously closed at $120.31.

iShares U.S. Home Construction ETF Trading Up 5.0 %

The business has a 50-day simple moving average of $122.63 and a 200 day simple moving average of $114.46. The stock has a market cap of $3.21 billion, a P/E ratio of 11.56 and a beta of 1.41.

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

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of iShares U.S. Home Construction ETF by 5.2% in the 1st 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. Jane Street Group LLC boosted its position in shares of iShares U.S. Home Construction ETF by 151.0% during the 1st quarter. Jane Street Group LLC now owns 72,752 shares of the exchange traded fund’s stock worth $8,422,000 after purchasing an additional 43,770 shares in the last quarter. Tidal Investments LLC boosted its position in shares of iShares U.S. Home Construction ETF by 61.2% during the 1st quarter. Tidal Investments LLC now owns 16,273 shares of the exchange traded fund’s stock worth $1,884,000 after purchasing an additional 6,176 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at about $209,000. Finally, Atria Investments Inc increased its position in iShares U.S. Home Construction ETF by 183.8% in the 1st quarter. Atria Investments Inc now owns 44,931 shares of the exchange traded fund’s stock valued at $5,202,000 after buying an additional 29,097 shares in 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.