Sheets Smith Wealth Management purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,473 shares of the exchange traded fund’s stock, valued at approximately $1,721,000. Sheets Smith Wealth Management owned approximately 0.07% of iShares U.S. Home Construction ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $28,890,000. IMC Chicago LLC purchased a new position in iShares U.S. Home Construction ETF in the 1st quarter worth approximately $2,139,000. SummitTX Capital L.P. purchased a new position in shares of iShares U.S. Home Construction ETF in the first quarter worth $4,833,000. Flagship Private Wealth LLC bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at $457,000. Finally, Main Management LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 7.8% during the fourth quarter. Main Management LLC now owns 171,371 shares of the exchange traded fund’s stock valued at $16,503,000 after purchasing an additional 12,348 shares in the last quarter.
iShares U.S. Home Construction ETF Price Performance
iShares U.S. Home Construction ETF stock opened at $96.41 on Friday. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00. The business’s fifty day moving average is $98.63 and its 200 day moving average is $97.41. The stock has a market capitalization of $2.22 billion, a PE ratio of 10.18 and a beta of 1.31.
iShares U.S. Home Construction ETF Company 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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