iShares U.S. Home Construction ETF (BATS:ITB) Stock Price Break Above Fifty Day Moving Average – Should You Sell?

iShares U.S. Home Construction ETF (BATS:ITB) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $90.05 and traded as high as $90.58. iShares U.S. Home Construction ETF shares last traded at $90.35, with a volume of 1,568,508 shares trading hands.

iShares U.S. Home Construction ETF Stock Performance

The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The company has a 50-day simple moving average of $90.05 and a two-hundred day simple moving average of $96.43.

iShares U.S. Home Construction ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.2104 dividend. This is a boost from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. This represents a $0.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its position in iShares U.S. Home Construction ETF by 353.7% during the second quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 191 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at about $65,000. Signature Equity Partners LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 10,571.4% in the 1st quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 740 shares during the period. Western Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at about $138,000. Finally, Fifth Third Bancorp lifted its stake in iShares U.S. Home Construction ETF by 356.3% in the 1st quarter. Fifth Third Bancorp now owns 1,588 shares of the exchange traded fund’s stock valued at $144,000 after purchasing an additional 1,240 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.