iShares U.S. Home Construction ETF (BATS:ITB) Stock Sees Unusually High Call Option Buying

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading on Monday. Stock traders purchased 17,163 call options on the company. This is an increase of approximately 429% compared to the typical daily volume of 3,244 call options.

iShares U.S. Home Construction ETF Stock Down 3.6%

Shares of ITB stock opened at $93.52 on Wednesday. The stock has a market capitalization of $2.15 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52-week low of $82.08 and a 52-week high of $115.26. The stock’s 50-day moving average price is $89.59 and its 200 day moving average price is $96.09.

iShares U.S. Home Construction ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. StoneX Group Inc. purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at approximately $424,000. Parallel Advisors LLC raised its stake in shares of iShares U.S. Home Construction ETF by 22.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,696 shares of the exchange traded fund’s stock worth $235,000 after buying an additional 488 shares in the last quarter. Mader & Shannon Wealth Management Inc. raised its stake in shares of iShares U.S. Home Construction ETF by 2.8% during the 3rd quarter. Mader & Shannon Wealth Management Inc. now owns 50,124 shares of the exchange traded fund’s stock worth $4,362,000 after buying an additional 1,354 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 2.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 22,189 shares of the exchange traded fund’s stock valued at $1,931,000 after buying an additional 577 shares during the period. Finally, Provenance Wealth Advisors LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 54.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,419 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 500 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.