MKP Capital Management L.L.C. purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 389,800 shares of the exchange traded fund’s stock, valued at approximately $37,538,000. iShares U.S. Home Construction ETF makes up about 1.3% of MKP Capital Management L.L.C.’s portfolio, making the stock its 12th biggest holding.
Several other large investors have also recently made changes to their positions in ITB. Empowered Funds LLC raised its stake in shares of iShares U.S. Home Construction ETF by 168.8% during the first quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock worth $1,211,000 after acquiring an additional 7,987 shares in the last quarter. Cerity Partners LLC raised its stake in shares of iShares U.S. Home Construction ETF by 125.0% during the second quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock worth $518,000 after acquiring an additional 3,087 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter worth approximately $29,000. Jupiter Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter worth approximately $932,000. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares U.S. Home Construction ETF by 83.9% during the second quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock worth $12,829,000 after acquiring an additional 62,785 shares in the last quarter.
iShares U.S. Home Construction ETF Stock Performance
ITB stock opened at $93.02 on Tuesday. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00. The company’s 50 day moving average price is $92.85 and its two-hundred day moving average price is $99.07. The company has a market capitalization of $2.14 billion, a PE 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. 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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