iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week Low – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $84.81 and last traded at $85.0250, with a volume of 930666 shares trading hands. The stock had previously closed at $87.02.

iShares U.S. Home Construction ETF Stock Performance

The stock has a market cap of $1.99 billion, a PE ratio of 10.18 and a beta of 1.31. The stock’s 50-day moving average is $94.30 and its two-hundred day moving average is $94.72.

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iShares U.S. Home Construction ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.2104 per share. This is an increase from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. This represents a $0.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 15th.

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

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in iShares U.S. Home Construction ETF by 31.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,599 shares of the exchange traded fund’s stock worth $2,988,000 after acquiring an additional 6,868 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in iShares U.S. Home Construction ETF during the second quarter worth about $207,000. NewEdge Advisors LLC lifted its position in shares of iShares U.S. Home Construction ETF by 44.1% during the second quarter. NewEdge Advisors LLC now owns 12,962 shares of the exchange traded fund’s stock worth $1,354,000 after purchasing an additional 3,968 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of iShares U.S. Home Construction ETF during the second quarter worth about $8,653,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in shares of iShares U.S. Home Construction ETF by 8.0% in the second quarter. Sterling Investment Advisors Ltd. now owns 6,122 shares of the exchange traded fund’s stock valued at $640,000 after purchasing an additional 451 shares during the period.

iShares U.S. Home Construction ETF Company Profile

(Get Free Report)

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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