iShares U.S. Home Construction ETF Sees Unusually High Options Volume (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw some unusual options trading on Friday. Traders acquired 17,972 put options on the company. This represents an increase of approximately 74% compared to the typical daily volume of 10,338 put options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ITB. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $40,000. Meridian Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $2,035,000. Certified Advisory Corp lifted its holdings in iShares U.S. Home Construction ETF by 8.6% during the third quarter. Certified Advisory Corp now owns 3,909 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 308 shares during the period. Kingsview Wealth Management LLC lifted its holdings in iShares U.S. Home Construction ETF by 1,096.5% during the third quarter. Kingsview Wealth Management LLC now owns 64,406 shares of the exchange traded fund’s stock worth $8,186,000 after acquiring an additional 59,023 shares during the period. Finally, KKM Financial LLC lifted its holdings in iShares U.S. Home Construction ETF by 2.2% during the third quarter. KKM Financial LLC now owns 9,808 shares of the exchange traded fund’s stock worth $1,247,000 after acquiring an additional 211 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB stock traded down $10.27 during trading hours on Friday, reaching $95.04. The company had a trading volume of 4,965,026 shares, compared to its average volume of 2,059,174. iShares U.S. Home Construction ETF has a 12 month low of $93.43 and a 12 month high of $129.89. The business has a fifty day simple moving average of $102.43 and a 200-day simple moving average of $112.80. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 11.19 and a beta of 1.61.

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.