Stock Traders Buy Large Volume of Call Options on iShares U.S. Home Construction ETF (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 10,367 call options on the company. This is an increase of 123% compared to the average volume of 4,643 call options.

iShares U.S. Home Construction ETF Stock Performance

iShares U.S. Home Construction ETF stock traded up $1.16 during mid-day trading on Tuesday, hitting $98.25. 1,005,866 shares of the company traded hands, compared to its average volume of 2,671,804. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The stock has a fifty day moving average price of $93.73 and a 200-day moving average price of $98.92.

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

Several hedge funds have recently bought and sold shares of ITB. High Point Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the second quarter valued at approximately $29,000. JPL Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the third quarter valued at approximately $36,000. Finally, Fifth Third Bancorp lifted its position in iShares U.S. Home Construction ETF by 136.7% during the third quarter. Fifth Third Bancorp now owns 348 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 201 shares during 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.