iShares U.S. Home Construction ETF (BATS:ITB) Stock Cross Above 200-Day Moving Average – Here’s Why

Shares of iShares U.S. Home Construction ETF (BATS:ITB) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $96.04 and traded as high as $100.82. iShares U.S. Home Construction ETF shares last traded at $100.30, with a volume of 3,488,059 shares traded.

iShares U.S. Home Construction ETF Price Performance

The firm has a market capitalization of $2.31 billion, a P/E ratio of 10.18 and a beta of 1.31. The firm has a 50-day moving average price of $89.63 and a two-hundred day moving average price of $96.04.

iShares U.S. Home Construction ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.2104 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 0.8%. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

Institutional Trading of iShares U.S. Home Construction ETF

A number of large investors have recently modified their holdings of the company. Greenland Capital Management LP purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth $10,448,000. IMC Chicago LLC purchased a new stake in iShares U.S. Home Construction ETF in the first quarter worth about $2,139,000. GTS Securities LLC purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at about $26,400,000. Sheets Smith Wealth Management bought a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at about $1,721,000. Finally, Forte Asset Management LLC lifted its position in shares of iShares U.S. Home Construction ETF by 21.5% in the 3rd quarter. Forte Asset Management LLC now owns 44,117 shares of the exchange traded fund’s stock worth $3,839,000 after purchasing an additional 7,799 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.