Sunbelt Securities Inc. raised its holdings in iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 70.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the exchange traded fund’s stock after acquiring an additional 745 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Home Construction ETF were worth $229,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 274 shares in the last quarter. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF during the third quarter worth $37,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at $40,000. FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at $46,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth $138,000.
iShares U.S. Home Construction ETF Trading Down 1.5 %
Shares of ITB stock opened at $113.02 on Friday. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The company’s 50-day moving average price is $120.99 and its 200-day moving average price is $115.82. The stock has a market cap of $2.87 billion, a price-to-earnings 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.
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