iShares U.S. Home Construction ETF (BATS:ITB) Stock Sees Heavy Put Option Buying

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading on Friday. Investors bought 7,014 put options on the company. This represents an increase of approximately 120% compared to the typical volume of 3,187 put options.

iShares U.S. Home Construction ETF Stock Performance

Shares of iShares U.S. Home Construction ETF stock opened at $92.74 on Friday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The stock has a 50 day moving average price of $89.68 and a 200-day moving average price of $96.22. iShares U.S. Home Construction ETF has a one year low of $82.08 and a one year high of $115.26.

iShares U.S. Home Construction ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.2104 dividend. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. This represents a $0.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ITB. Bank of America Corp DE grew its stake in shares of iShares U.S. Home Construction ETF by 20.5% during the first quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after buying an additional 1,182,332 shares during the last quarter. GTS Securities LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the second quarter worth approximately $26,400,000. International Assets Investment Management LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 3,423.8% in the third quarter. International Assets Investment Management LLC now owns 118,401 shares of the exchange traded fund’s stock worth $10,303,000 after buying an additional 115,041 shares during the period. Greenland Capital Management LP bought a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $10,448,000. Finally, Bank of Nova Scotia lifted its stake in shares of iShares U.S. Home Construction ETF by 42.9% during the 1st quarter. Bank of Nova Scotia now owns 95,012 shares of the exchange traded fund’s stock worth $8,603,000 after acquiring an additional 28,529 shares during the last quarter.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.