iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 1-Year Low – Time to Sell?

iShares U.S. Home Construction ETF (BATS:ITB) hit a new 52-week low on Wednesday. The company traded as low as $84.70 and last traded at $84.64, with a volume of 332242 shares trading hands. The stock had previously closed at $86.95.

iShares U.S. Home Construction ETF Price Performance

The firm’s fifty day moving average is $93.01 and its two-hundred day moving average is $94.47. The firm has a market cap of $1.98 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 given 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 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Titleist Asset Management LLC raised its holdings in iShares U.S. Home Construction ETF by 6.3% during the third quarter. Titleist Asset Management LLC now owns 10,535 shares of the exchange traded fund’s stock worth $917,000 after purchasing an additional 622 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $1,590,000. Envestnet Asset Management Inc. lifted its stake in iShares U.S. Home Construction ETF by 31.6% during the second quarter. Envestnet Asset Management Inc. now owns 28,599 shares of the exchange traded fund’s stock valued at $2,988,000 after purchasing an additional 6,868 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in iShares U.S. Home Construction ETF during the second quarter valued at approximately $207,000. Finally, NewEdge Advisors LLC boosted its holdings in iShares U.S. Home Construction ETF by 44.1% during the second quarter. NewEdge Advisors LLC now owns 12,962 shares of the exchange traded fund’s stock worth $1,354,000 after buying an additional 3,968 shares in the last quarter.

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.