iShares U.S. Home Construction ETF (BATS:ITB) Shares Break Above 200 Day Moving Average – Here’s Why

Shares of iShares U.S. Home Construction ETF (BATS:ITB) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $96.04 and traded as high as $100.82. iShares U.S. Home Construction ETF shares last traded at $100.30, with a volume of 3,488,059 shares traded.

iShares U.S. Home Construction ETF Price Performance

The business has a 50 day moving average price of $89.63 and a 200 day moving average price of $96.04. The stock has a market capitalization of $2.31 billion, a PE ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.2104 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 0.8%. This is a positive change from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITB. Greenland Capital Management LP bought a new stake in iShares U.S. Home Construction ETF during the second quarter valued at about $10,448,000. IMC Chicago LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the first quarter worth about $2,139,000. GTS Securities LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the second quarter valued at $26,400,000. Sheets Smith Wealth Management purchased a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at about $1,721,000. Finally, Forte Asset Management LLC raised its holdings in iShares U.S. Home Construction ETF by 21.5% during the 3rd quarter. Forte Asset Management LLC now owns 44,117 shares of the exchange traded fund’s stock valued at $3,839,000 after buying an additional 7,799 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.