iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week High – Time to Buy?

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price hit a new 52-week high on Monday . The company traded as high as $118.27 and last traded at $117.47, with a volume of 874756 shares. The stock had previously closed at $117.72.

iShares U.S. Home Construction ETF Stock Performance

The company has a market cap of $2.98 billion, a P/E ratio of 11.56 and a beta of 1.41. The firm has a 50 day moving average price of $122.77 and a 200-day moving average price of $114.07.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth approximately $37,000. Sigma Planning Corp raised its stake in iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 3,117 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at $210,000. PFG Advisors grew its position in iShares U.S. Home Construction ETF by 8.9% in the 2nd quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock worth $1,711,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth about $3,538,000.

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.