iShares U.S. Home Construction ETF (BATS:ITB) Sets New 1-Year High at $107.34

iShares U.S. Home Construction ETF (BATS:ITB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $107.34 and last traded at $105.52, with a volume of 1970220 shares changing hands. The stock had previously closed at $107.26.

iShares U.S. Home Construction ETF Stock Performance

The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 11.72 and a beta of 1.38. The company’s 50 day simple moving average is $108.28 and its 200 day simple moving average is $96.28.

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

Several hedge funds have recently made changes to their positions in ITB. US Bancorp DE grew its stake in shares of iShares U.S. Home Construction ETF by 8.1% in the 1st quarter. US Bancorp DE now owns 2,340 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 176 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of iShares U.S. Home Construction ETF by 80.0% in the first quarter. Brown Brothers Harriman & Co. now owns 1,800 shares of the exchange traded fund’s stock worth $107,000 after buying an additional 800 shares during the period. Ergoteles LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the first quarter worth about $3,373,000. Stamos Capital Partners L.P. boosted its holdings in shares of iShares U.S. Home Construction ETF by 73.1% in the first quarter. Stamos Capital Partners L.P. now owns 42,060 shares of the exchange traded fund’s stock worth $2,492,000 after buying an additional 17,760 shares during the period. Finally, Mariner LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 4.0% in the first quarter. Mariner LLC now owns 20,710 shares of the exchange traded fund’s stock worth $1,227,000 after buying an additional 805 shares during the period.

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.