iShares U.S. Home Construction ETF (BATS:ITB) Share Price Cross Below 200-Day Moving Average – Should You Sell?

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $98.97 and traded as low as $93.02. iShares U.S. Home Construction ETF shares last traded at $96.27, with a volume of 4,165,071 shares traded.

iShares U.S. Home Construction ETF Stock Performance

The company has a market cap of $2.21 billion, a PE ratio of 10.18 and a beta of 1.31. The business’s 50-day moving average is $93.22 and its 200 day moving average is $98.97.

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

A number of hedge funds have recently modified their holdings of ITB. Empowered Funds LLC increased its position in shares of iShares U.S. Home Construction ETF by 168.8% in the first quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock valued at $1,211,000 after acquiring an additional 7,987 shares during the period. Cerity Partners LLC increased its position in shares of iShares U.S. Home Construction ETF by 125.0% during the second quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock valued at $518,000 after buying an additional 3,087 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at about $29,000. Jupiter Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at about $932,000. Finally, Ameriprise Financial Inc. increased its position in shares of iShares U.S. Home Construction ETF by 83.9% during the second quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after buying an additional 62,785 shares during the period.

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.