Marks Wealth LLC Invests $11.21 Million in iShares U.S. Home Construction ETF (BATS:ITB)

Marks Wealth LLC purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,208 shares of the exchange traded fund’s stock, valued at approximately $11,211,000. iShares U.S. Home Construction ETF makes up 4.8% of Marks Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Marks Wealth LLC owned 0.35% of iShares U.S. Home Construction ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC bought a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at about $342,000. PNC Financial Services Group Inc. boosted its stake 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 valued at $382,000 after buying an additional 164 shares in the last quarter. RFG Advisory LLC boosted its stake in iShares U.S. Home Construction ETF by 36.9% during the first quarter. RFG Advisory LLC now owns 8,979 shares of the exchange traded fund’s stock valued at $1,040,000 after buying an additional 2,421 shares in the last quarter. Purus Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF during the first quarter valued at about $216,000. Finally, AdvisorNet Financial Inc boosted its stake in iShares U.S. Home Construction ETF by 17.2% during the first quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 631 shares in the last quarter.

iShares U.S. Home Construction ETF Trading Up 1.2 %

ITB stock traded up $1.53 during trading hours on Friday, hitting $129.34. 1,656,251 shares of the stock traded hands. The stock has a 50-day simple moving average of $121.95 and a 200 day simple moving average of $112.17. iShares U.S. Home Construction ETF has a one year low of $31.19 and a one year high of $46.56. The company has a market cap of $3.29 billion, a P/E ratio of 11.56 and a beta of 1.41.

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.