Synergy Asset Management LLC Trims Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Synergy Asset Management LLC decreased its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,569 shares of the exchange traded fund’s stock after selling 1,136 shares during the quarter. Synergy Asset Management LLC owned approximately 0.11% of iShares U.S. Home Construction ETF worth $3,539,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Leuthold Group LLC grew its holdings in iShares U.S. Home Construction ETF by 7.4% during the 4th quarter. Leuthold Group LLC now owns 41,935 shares of the exchange traded fund’s stock worth $4,266,000 after acquiring an additional 2,904 shares in the last quarter. Morgan Stanley lifted its holdings in iShares U.S. Home Construction ETF by 143.0% during the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after buying an additional 2,162,171 shares during the period. Arlington Capital Management Inc. purchased a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter valued at $6,743,000. PFG Advisors raised its position in shares of iShares U.S. Home Construction ETF by 187.3% in the 4th quarter. PFG Advisors now owns 7,760 shares of the exchange traded fund’s stock worth $789,000 after acquiring an additional 5,059 shares in the last quarter. Finally, Price Capital Management Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter worth $22,850,000.

iShares U.S. Home Construction ETF Price Performance

iShares U.S. Home Construction ETF stock traded down $2.51 during trading hours on Tuesday, reaching $98.55. The stock had a trading volume of 2,686,316 shares. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The business’s 50 day moving average price is $104.85 and its 200-day moving average price is $104.92.

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.