iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by SPC Financial Inc.

SPC Financial Inc. reduced its position in iShares U.S. Home Construction ETF (BATS:ITB) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,885 shares of the exchange traded fund’s stock after selling 4,690 shares during the period. iShares U.S. Home Construction ETF comprises about 2.3% of SPC Financial Inc.’s portfolio, making the stock its 11th biggest holding. SPC Financial Inc.’s holdings in iShares U.S. Home Construction ETF were worth $24,646,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares U.S. Home Construction ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,308 shares of the exchange traded fund’s stock valued at $337,000 after purchasing an additional 110 shares during the period. Summit Financial LLC raised its position in iShares U.S. Home Construction ETF by 1.3% during the fourth quarter. Summit Financial LLC now owns 9,413 shares of the exchange traded fund’s stock worth $958,000 after acquiring an additional 117 shares during the period. Cookson Peirce & Co. Inc. raised its position in iShares U.S. Home Construction ETF by 5.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,874 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 143 shares during the period. PNC Financial Services Group Inc. raised its position in iShares U.S. Home Construction ETF by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,759 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 164 shares during the period. Finally, Adirondack Trust Co. raised its position in iShares U.S. Home Construction ETF by 37.2% during the fourth quarter. Adirondack Trust Co. now owns 704 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 191 shares during the period.

iShares U.S. Home Construction ETF Trading Up 6.2 %

BATS:ITB traded up $6.18 during trading hours on Thursday, reaching $106.52. 5,015,721 shares of the company were exchanged. The stock’s 50-day moving average is $103.93 and its 200-day moving average is $104.78. The firm has a market cap of $2.71 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56.

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.