iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 12-Month Low – Time to Sell?

iShares U.S. Home Construction ETF (BATS:ITB)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $84.81 and last traded at $85.0250, with a volume of 930666 shares. The stock had previously closed at $87.02.

iShares U.S. Home Construction ETF Price Performance

The company’s 50 day simple moving average is $94.30 and its 200 day simple moving average is $94.72. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2104 per share. This is a positive change from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 1.0%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Home Construction ETF by 20.5% in 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 acquiring an additional 1,182,332 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position 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 purchasing an additional 864,500 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at approximately $28,890,000. GTS Securities LLC acquired a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $26,400,000. Finally, Passaic Partners LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter worth approximately $9,936,000.

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.