iShares U.S. Home Construction ETF (BATS:ITB) Hits New 52-Week Low – Here’s What Happened

iShares U.S. Home Construction ETF (BATS:ITB) shares hit a new 52-week low during trading on Friday . The company traded as low as $86.96 and last traded at $86.96, with a volume of 512895 shares traded. The stock had previously closed at $89.44.

iShares U.S. Home Construction ETF Price Performance

The business has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $99.86. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

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

A number of institutional investors have recently bought and sold shares of ITB. Morgan Stanley lifted its stake in iShares U.S. Home Construction ETF by 12.3% during the 4th quarter. Morgan Stanley now owns 1,994,342 shares of the exchange traded fund’s stock valued at $192,055,000 after acquiring an additional 219,142 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Home Construction ETF by 388.6% during the third quarter. JPMorgan Chase & Co. now owns 1,848,103 shares of the exchange traded fund’s stock worth $198,209,000 after purchasing an additional 1,469,896 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Home Construction ETF by 509.4% during the third quarter. BNP Paribas Financial Markets now owns 1,766,097 shares of the exchange traded fund’s stock worth $189,414,000 after purchasing an additional 1,476,291 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in iShares U.S. Home Construction ETF by 102.9% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,704,500 shares of the exchange traded fund’s stock valued at $164,143,000 after purchasing an additional 864,500 shares during the period. Finally, LPL Financial LLC lifted its position in iShares U.S. Home Construction ETF by 8.1% during the fourth quarter. LPL Financial LLC now owns 822,488 shares of the exchange traded fund’s stock valued at $79,206,000 after purchasing an additional 61,688 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.