iShares U.S. Home Construction ETF (BATS:ITB) Share Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $94.99 and traded as low as $88.75. iShares U.S. Home Construction ETF shares last traded at $88.79, with a volume of 2,768,222 shares changing hands.

iShares U.S. Home Construction ETF Stock Up 1.3%

The firm has a market capitalization of $2.06 billion, a P/E ratio of 10.18 and a beta of 1.31. The business has a 50-day moving average price of $94.89 and a 200-day moving average price of $94.92.

iShares U.S. Home Construction ETF Increases Dividend

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

Institutional Trading of iShares U.S. Home Construction ETF

Several large investors have recently added to or reduced their stakes in the company. Giverny Capital Inc. lifted its holdings in iShares U.S. Home Construction ETF by 1.2% during the fourth quarter. Giverny Capital Inc. now owns 11,698 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 137 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of iShares U.S. Home Construction ETF by 0.7% in the second quarter. HighTower Advisors LLC now owns 19,685 shares of the exchange traded fund’s stock worth $2,057,000 after purchasing an additional 141 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of iShares U.S. Home Construction ETF by 353.7% in the second quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 191 shares during the period. PNC Financial Services Group Inc. raised its position in shares of iShares U.S. Home Construction ETF by 10.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,926 shares of the exchange traded fund’s stock valued at $265,000 after purchasing an additional 285 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its stake in shares of iShares U.S. Home Construction ETF by 8.0% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 6,122 shares of the exchange traded fund’s stock valued at $640,000 after buying an additional 451 shares in the last quarter.

iShares U.S. Home Construction ETF Company Profile

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.