iShares U.S. Home Construction ETF (BATS:ITB) Hits New 12-Month High at $108.98

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $108.98 and last traded at $108.86, with a volume of 774665 shares. The stock had previously closed at $107.37.

iShares U.S. Home Construction ETF Stock Performance

The firm’s 50-day simple moving average is $108.58 and its 200 day simple moving average is $98.85. The stock has a market capitalization of $2.77 billion, a P/E ratio of 11.56 and a beta of 1.41.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITB. Morgan Stanley lifted its position in iShares U.S. Home Construction ETF by 143.0% during the 3rd quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after buying an additional 2,162,171 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth about $62,778,000. Barclays PLC increased its stake in shares of iShares U.S. Home Construction ETF by 57,285.6% during the 3rd quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock worth $54,951,000 after purchasing an additional 698,884 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Home Construction ETF by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock worth $198,451,000 after purchasing an additional 621,078 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth about $61,246,000.

About iShares U.S. Home Construction ETF

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.