iShares U.S. Home Construction ETF (BATS:ITB) Stock Price Cross Below Fifty Day Moving Average – What’s Next?

iShares U.S. Home Construction ETF (BATS:ITB) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $114.96 and traded as low as $102.22. iShares U.S. Home Construction ETF shares last traded at $103.31, with a volume of 1,933,092 shares.

iShares U.S. Home Construction ETF Stock Performance

The company has a market cap of $2.62 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The stock’s fifty day moving average is $114.96 and its two-hundred day moving average is $116.09.

Institutional Investors Weigh In On iShares U.S. Home Construction ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITB. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth $63,042,000. BNP Paribas Financial Markets raised its position in iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after acquiring an additional 173,654 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF in the second quarter valued at about $157,000. Marks Wealth LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $11,211,000. Finally, Kingsview Wealth Management LLC increased its stake in shares of iShares U.S. Home Construction ETF by 1,096.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 64,406 shares of the exchange traded fund’s stock worth $8,186,000 after purchasing an additional 59,023 shares during the last quarter.

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.