Summary
3IS3 Chart
Opportunities Following The End Of The Worst Seasonal Trade For Home Builders
Home builders suffered historic underperformance versus the S&P 500, but recent technical breakouts signal a potential bearish-to-bullish reversal for ITB. Falling mortgage rates and improving technicals support a tactical rebound in homebuilder stocks, with ITB and select names like TMHC and LEN showing upside potential. TMHC's breakout above its 200DMA, LEN's basing pattern, and CCS's reversal offer attractive entry points, though LEN is treated as a shorter-term trade due to weaker fundamentals.
New Home Sales Retreat to 7-Month Low
New home sales retreated in May, experiencing their largest monthly decline in nearly three years. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 623,000 last month, their lowest level in seven months.
Sector ETFs Set to Gain as Inflation Cools in May
Cooling May inflation boosts prospects for ETFs tied to consumer spending, tech growth, homebuilding and real estate.
iShares U.S. Home Construction ETF Dividends
| ITB ITB 6 months ago | Other | $0.12 Per Share |
| ITB ITB 9 months ago Paid | Quarterly | $0.12 Per Share |
| ITB ITB 11 Jun 2024 Paid | Quarterly | $0.09 Per Share |
| ITB ITB 21 Mar 2024 Paid | Quarterly | $0.14 Per Share |
| ITB ITB 20 Dec 2023 Paid | Quarterly | $0.1 Per Share |
iShares U.S. Home Construction ETF Earnings
| ITB ITB 6 months ago | Other | $0.12 Per Share |
| ITB ITB 9 months ago Paid | Quarterly | $0.12 Per Share |
| ITB ITB 11 Jun 2024 Paid | Quarterly | $0.09 Per Share |
| ITB ITB 21 Mar 2024 Paid | Quarterly | $0.14 Per Share |
| ITB ITB 20 Dec 2023 Paid | Quarterly | $0.1 Per Share |
iShares U.S. Home Construction ETF (3IS3) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has iShares U.S. Home Construction ETF ever had a stock split?
iShares U.S. Home Construction ETF Profile
| XBER Exchange | United States Country |
Overview
The mentioned entity appears to be a financial instrument, specifically an investment fund, focused on the home construction sector within the U.S. equity market. This fund is designed to track the performance of an index that represents the home construction industry as determined by its index provider. It commits to investing a minimum of 80% of its total assets in the securities that comprise its underlying index or in financial instruments that have economic characteristics nearly identical to those securities. The fund is characterized by a non-diversified status, implying that it may invest a larger portion of its assets in a smaller number of issuers or sectors, potentially increasing its risk compared to diversified funds.
Products and Services
The entity offers investment opportunities primarily in the following areas:
- Component Securities Investment: The fund invests at least 80% of its assets in the securities that make up its underlying home construction index. These investments aim to mirror the performance of the home construction sector, making it an attractive option for investors seeking exposure to this specific segment of the U.S. equity market.
- Investments with Economic Characteristics Identical to Component Securities: Besides direct investments in component securities, the fund also allocates assets to investments that have economic characteristics substantially identical to those of the component securities. This strategy may include derivative instruments or other financial products that mimic the performance of the index's securities, offering another layer of investment in the home construction sector.
Contact Information
