iShares U.S. Home Construction ETF Target of Unusually Large Options Trading (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the target of unusually large options trading activity on Tuesday. Investors purchased 13,678 put options on the company. This represents an increase of approximately 290% compared to the average daily volume of 3,510 put options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DAVENPORT & Co LLC grew its position in iShares U.S. Home Construction ETF by 3.0% during the 4th quarter. DAVENPORT & Co LLC now owns 4,107 shares of the exchange traded fund’s stock worth $396,000 after acquiring an additional 120 shares during the last quarter. Giverny Capital Inc. raised its position in iShares U.S. Home Construction ETF by 1.2% in the 4th quarter. Giverny Capital Inc. now owns 11,698 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 137 shares during the last quarter. NBC Securities Inc. boosted its stake in iShares U.S. Home Construction ETF by 8.7% in the fourth quarter. NBC Securities Inc. now owns 1,967 shares of the exchange traded fund’s stock worth $189,000 after purchasing an additional 158 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in iShares U.S. Home Construction ETF by 6.0% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,819 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 160 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares U.S. Home Construction ETF by 3.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 5,352 shares of the exchange traded fund’s stock worth $515,000 after purchasing an additional 172 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Down 3.7%

Shares of ITB stock opened at $96.58 on Thursday. The company has a market capitalization of $2.22 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 12-month low of $84.98 and a 12-month high of $118.00. The firm has a 50-day moving average price of $97.06 and a 200 day moving average price of $98.64.

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.