iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year Low – What’s Next?

iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week low on Wednesday. The company traded as low as $84.70 and last traded at $84.64, with a volume of 332242 shares traded. The stock had previously closed at $86.95.

iShares U.S. Home Construction ETF Trading Down 2.9%

The firm has a 50 day simple moving average of $93.44 and a 200 day simple moving average of $94.53. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The business 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 1.0%. This is an increase from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in iShares U.S. Home Construction ETF by 20.5% in the 1st quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock worth $630,430,000 after purchasing an additional 1,182,332 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in iShares U.S. Home Construction ETF by 102.9% in 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 acquiring an additional 864,500 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in iShares U.S. Home Construction ETF in the fourth quarter worth about $28,890,000. GTS Securities LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at about $26,400,000. Finally, Greenland Capital Management LP bought a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $10,448,000.

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.