iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week Low – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $86.96 and last traded at $86.96, with a volume of 512895 shares. The stock had previously closed at $89.44.

iShares U.S. Home Construction ETF Stock Performance

The firm has a fifty day moving average price of $94.06 and a 200 day moving average price of $99.86. The stock has a market cap of $2.00 billion, a PE ratio of 10.18 and a beta of 1.31.

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

Several institutional investors have recently added to or reduced their stakes in the business. High Point Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $29,000. Capital Investment Advisory Services LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 675.0% in the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 270 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the second quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the third quarter worth $36,000.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.