Heritage Wealth Management Inc. acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,020 shares of the exchange traded fund’s stock, valued at approximately $257,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ITB. Blue Trust Inc. acquired a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $37,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at $138,000. International Assets Investment Management LLC purchased a new position in iShares U.S. Home Construction ETF in the second quarter valued at $138,000. Trust Co. of Vermont purchased a new position in iShares U.S. Home Construction ETF in the third quarter valued at $191,000. Finally, SeaCrest Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth $201,000.
iShares U.S. Home Construction ETF Stock Performance
ITB stock traded up $1.02 during mid-day trading on Friday, reaching $120.02. The company had a trading volume of 1,521,351 shares. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The firm has a fifty day simple moving average of $122.69 and a 200 day simple moving average of $113.34.
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.
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