iShares U.S. Home Construction ETF (BATS:ITB) Stock Sees Unusually High Put Option Buying

iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report) was the recipient of unusually large options trading on Friday. Traders purchased 7,014 put options on the stock. This represents an increase of approximately 120% compared to the average volume of 3,187 put options.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake 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 worth $630,430,000 after purchasing an additional 1,182,332 shares during the period. GTS Securities LLC purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at approximately $26,400,000. Greenland Capital Management LP bought a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at approximately $10,448,000. International Assets Investment Management LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 3,423.8% during the third quarter. International Assets Investment Management LLC now owns 118,401 shares of the exchange traded fund’s stock valued at $10,303,000 after purchasing an additional 115,041 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in iShares U.S. Home Construction ETF in the second quarter worth about $8,653,000.

iShares U.S. Home Construction ETF Trading Up 0.4%

Shares of ITB traded up $0.33 during midday trading on Friday, reaching $92.43. The stock had a trading volume of 583,168 shares, compared to its average volume of 2,515,637. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 12-month low of $82.08 and a 12-month high of $115.26. The company’s 50-day moving average is $89.76 and its 200 day moving average is $96.30.

iShares U.S. Home Construction ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $0.2104 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 0.9%. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

About iShares U.S. Home Construction ETF

(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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