iShares U.S. Home Construction ETF (BATS:ITB) Sees Large Volume Increase

Shares of iShares U.S. Home Construction ETF (BATS:ITB) saw an uptick in trading volume on Tuesday . 5,169,427 shares traded hands during mid-day trading, an increase of ∞ from the previous session’s volume of 0 shares.The stock last traded at $44.85 and had previously closed at $44.58.

The stock has a 50 day moving average of $44.04 and a 200 day moving average of $40.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in iShares U.S. Home Construction ETF in the second quarter valued at $75,174,000. Morgan Stanley increased its stake in iShares U.S. Home Construction ETF by 8.4% in the second quarter. Morgan Stanley now owns 1,594,710 shares of the exchange traded fund’s stock valued at $60,950,000 after acquiring an additional 123,823 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in iShares U.S. Home Construction ETF in the second quarter valued at $38,220,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in iShares U.S. Home Construction ETF in the third quarter valued at $40,449,000. Finally, Arlington Capital Management Inc. bought a new position in iShares U.S. Home Construction ETF in the second quarter valued at $27,979,000.

iShares U.S. Home Construction ETF Company Profile (BATS:ITB)

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.

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