iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month High – Still a Buy?

iShares U.S. Home Construction ETF (BATS:ITB) shares hit a new 52-week high on Monday . The company traded as high as $109.99 and last traded at $103.92, with a volume of 4965026 shares changing hands. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Down 0.1 %

The stock’s fifty day moving average price is $110.45 and its two-hundred day moving average price is $116.66. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Home Construction ETF by 25.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after purchasing an additional 173,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth $63,042,000. Capital Asset Advisory Services LLC lifted its stake in iShares U.S. Home Construction ETF by 2.8% in the fourth quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after buying an additional 9,934 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $24,537,000. Finally, Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF during the 4th quarter worth $160,000.

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.