iShares U.S. Home Construction ETF (BATS:ITB) Hits New 1-Year High – Should You Buy?

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

iShares U.S. Home Construction ETF Stock Performance

The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The firm has a fifty day moving average price of $122.63 and a 200-day moving average price of $114.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 274 shares during the last quarter. Blue Trust Inc. bought a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at approximately $37,000. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $40,000. FSA Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at approximately $118,000.

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.