iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lessened its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 40,475 shares of the exchange traded fund’s stock after selling 3,402 shares during the period. iShares U.S. Home Construction ETF comprises approximately 1.6% of Cadent Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Cadent Capital Advisors LLC owned 0.16% of iShares U.S. Home Construction ETF worth $5,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at $342,000. PNC Financial Services Group Inc. boosted its position in iShares U.S. Home Construction ETF by 4.6% in the 4th 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 during the period. RFG Advisory LLC grew its stake in shares of iShares U.S. Home Construction ETF by 36.9% in the first quarter. RFG Advisory LLC now owns 8,979 shares of the exchange traded fund’s stock worth $1,040,000 after acquiring an additional 2,421 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of 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 worth $497,000 after acquiring an additional 631 shares during the period. Finally, Peak Financial Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the first quarter valued at $792,000.

iShares U.S. Home Construction ETF Price Performance

ITB opened at $129.34 on Friday. The business has a fifty day moving average price of $121.95 and a 200 day moving average price of $112.17. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56. The stock has a market capitalization of $3.29 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.