iShares U.S. Home Construction ETF (BATS:ITB) Plans Dividend Increase – $0.21 Per Share

iShares U.S. Home Construction ETF (BATS:ITBGet Free Report) declared a quarterly dividend on Monday, September 14th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.2104 per share by the exchange traded fund on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 15th. This is a 32.2% increase from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.16.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $89.12 on Wednesday. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $115.26. The stock has a market capitalization of $2.05 billion, a P/E ratio of 10.18 and a beta of 1.31. The business’s 50-day simple moving average is $96.13 and its 200-day simple moving average is $95.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $207,000. NewEdge Advisors LLC grew 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 acquiring an additional 3,968 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at $8,653,000. Sterling Investment Advisors Ltd. increased its holdings in shares of iShares U.S. Home Construction ETF by 8.0% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 6,122 shares of the exchange traded fund’s stock valued at $640,000 after acquiring an additional 451 shares during the period. Finally, Corient Private Wealth LP purchased a new stake in iShares U.S. Home Construction ETF in the 2nd quarter valued at $570,000.

iShares U.S. Home Construction ETF Company Profile

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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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Dividend History for iShares U.S. Home Construction ETF (BATS:ITB)

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