Private Advisor Group LLC cut its position in iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 61.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,919 shares of the exchange traded fund’s stock after selling 32,957 shares during the period. Private Advisor Group LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,894,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of ITB. High Point Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter worth about $25,000. Aventura Private Wealth LLC acquired a new position in iShares U.S. Home Construction ETF in the 4th quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the second quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth about $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $37,000.
iShares U.S. Home Construction ETF Stock Performance
BATS ITB opened at $97.76 on Friday. The firm has a 50 day simple moving average of $95.45 and a 200-day simple moving average of $98.70. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.
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.
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Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB – Free Report).
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