iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $96.04 and traded as high as $100.82. iShares U.S. Home Construction ETF shares last traded at $100.30, with a volume of 3,488,059 shares.
iShares U.S. Home Construction ETF Stock Performance
The company has a 50-day simple moving average of $89.68 and a two-hundred day simple moving average of $95.95. The firm has a market capitalization of $2.22 billion, a P/E ratio of 10.18 and a beta of 1.31.
iShares U.S. Home Construction ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.2104 per share. This is a positive change from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 0.9%.
Hedge Funds Weigh In On iShares U.S. Home Construction ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of iShares U.S. Home Construction ETF by 20.5% in the 1st quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after purchasing an additional 1,182,332 shares during the last quarter. GTS Securities LLC purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $26,400,000. Equity Investment Corp acquired a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth $15,373,000. International Assets Investment Management LLC raised its stake in iShares U.S. Home Construction ETF by 3,423.8% during the 3rd quarter. International Assets Investment Management LLC now owns 118,401 shares of the exchange traded fund’s stock valued at $10,303,000 after acquiring an additional 115,041 shares during the last quarter. Finally, Greenland Capital Management LP acquired a new stake in shares of iShares U.S. Home Construction ETF during the second quarter worth $10,448,000.
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. 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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