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

iShares U.S. Home Construction ETF (BATS:ITB – Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 17,163 call options on the company. This is an increase of 429% compared to the typical daily volume of 3,244 call options.

iShares U.S. Home Construction ETF Trading Up 3.9%

BATS:ITB traded up $3.62 during trading hours on Monday, hitting $96.36. 2,714,272 shares of the stock were exchanged, compared to its average volume of 2,520,511. The firm’s fifty day moving average price is $89.68 and its 200 day moving average price is $96.22. The company has a market cap of $2.22 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52-week low of $82.08 and a 52-week high of $115.26.

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 $0.2104 dividend. This is a positive change from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 0.9%.

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

Institutional investors have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC grew its stake in iShares U.S. Home Construction ETF by 54.4% in the third quarter. Provenance Wealth Advisors LLC now owns 1,419 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 500 shares in the last quarter. Next Level Wealth Planning LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $44,000. International Assets Investment Management LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 3,423.8% in 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 buying an additional 115,041 shares during the last quarter. Choreo LLC lifted its holdings in iShares U.S. Home Construction ETF by 28.5% during the third quarter. Choreo LLC now owns 3,051 shares of the exchange traded fund’s stock worth $266,000 after acquiring an additional 677 shares in the last quarter. Finally, WestEnd Advisors LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $378,000.

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.

Further Reading

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