Traction Financial Partners LLC lessened its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,796 shares of the exchange traded fund’s stock after selling 173 shares during the quarter. Traction Financial Partners LLC’s holdings in iShares U.S. Home Construction ETF were worth $228,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at $37,000. Sigma Planning Corp grew its stake in shares of iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 3,117 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $210,000. PFG Advisors increased its position in shares of iShares U.S. Home Construction ETF by 8.9% during the 2nd quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock valued at $1,711,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $3,538,000.
iShares U.S. Home Construction ETF Price Performance
Shares of ITB traded down $0.02 on Thursday, reaching $118.08. The company’s stock had a trading volume of 2,606,663 shares. The stock’s 50 day simple moving average is $122.72 and its two-hundred day simple moving average is $113.82. The stock has a market capitalization of $3.00 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.
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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