Investors Buy Large Volume of iShares U.S. Home Construction ETF Put Options (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) saw some unusual options trading on Wednesday. Stock investors bought 17,896 put options on the company. This represents an increase of 34% compared to the typical daily volume of 13,402 put options.

iShares U.S. Home Construction ETF Stock Up 2.4 %

Shares of BATS ITB opened at $128.58 on Friday. The business’s 50 day moving average price is $117.21 and its two-hundred day moving average price is $110.03. The company has a market cap of $3.27 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56.

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

Several institutional investors have recently made changes to their positions in ITB. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares U.S. Home Construction ETF by 3.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,308 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 110 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 57.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,679 shares of the exchange traded fund’s stock valued at $3,121,000 after buying an additional 11,219 shares during the period. PNC Financial Services Group Inc. lifted its stake in iShares U.S. Home Construction ETF by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,759 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 164 shares during the last quarter. Wells Fargo & Company MN lifted its stake in iShares U.S. Home Construction ETF by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 282,127 shares of the exchange traded fund’s stock worth $28,701,000 after purchasing an additional 7,303 shares during the last quarter. Finally, Giverny Capital Inc. lifted its stake in iShares U.S. Home Construction ETF by 5.1% during the fourth quarter. Giverny Capital Inc. now owns 14,677 shares of the exchange traded fund’s stock worth $1,493,000 after purchasing an additional 715 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.