iShares U.S. Home Construction ETF (BATS:ITB) Sets New 12-Month High at $108.98

Shares of iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week high on Monday . The company traded as high as $108.98 and last traded at $108.86, with a volume of 774665 shares trading hands. The stock had previously closed at $107.37.

iShares U.S. Home Construction ETF Price Performance

The business has a 50-day moving average of $108.69 and a two-hundred day moving average of $99.41. The company has a market cap of $2.71 billion, a P/E ratio of 11.56 and a beta of 1.41.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in iShares U.S. Home Construction ETF by 143.0% in the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock valued at $288,356,000 after buying an additional 2,162,171 shares during the last quarter. BNP Paribas Financial Markets raised its stake in iShares U.S. Home Construction ETF by 56.8% in the first quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock valued at $198,451,000 after buying an additional 621,078 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $62,778,000. Barclays PLC raised its stake in shares of iShares U.S. Home Construction ETF by 57,285.6% in the third quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock worth $54,951,000 after purchasing an additional 698,884 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $61,246,000.

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.