Montag A & Associates Inc. Reduces Stock Holdings in iShares U.S. Home Construction ETF $ITB

Montag A & Associates Inc. cut its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 19.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,046 shares of the exchange traded fund’s stock after selling 2,912 shares during the quarter. Montag A & Associates Inc.’s holdings in iShares U.S. Home Construction ETF were worth $1,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter worth approximately $29,000. Private Wealth Asset Management LLC purchased a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $36,000. Farther Finance Advisors LLC raised its stake in iShares U.S. Home Construction ETF by 64.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 205 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth about $67,000. Finally, AlphaCore Capital LLC purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter valued at about $84,000.

iShares U.S. Home Construction ETF Stock Down 5.4%

Shares of BATS ITB opened at $99.65 on Wednesday. iShares U.S. Home Construction ETF has a 52 week low of $82.71 and a 52 week high of $129.89. The business’s 50 day moving average price is $105.85 and its 200 day moving average price is $100.29. The firm has a market cap of $2.29 billion, a P/E ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF 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.