Terra Nova Asset Management LLC Sells 10,574 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Terra Nova Asset Management LLC reduced its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 63.3% during the fourth quarter, HoldingsChannel reports. The firm owned 6,120 shares of the exchange traded fund’s stock after selling 10,574 shares during the period. Terra Nova Asset Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ITB. Stonebridge Financial Planning Group LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 0.7% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock worth $1,824,000 after acquiring an additional 96 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 5.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 115 shares during the last quarter. Great Diamond Partners LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 1.0% during the 3rd quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock worth $2,161,000 after acquiring an additional 169 shares in the last quarter. FMR LLC raised its stake in iShares U.S. Home Construction ETF by 1.4% during the third quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 182 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of iShares U.S. Home Construction ETF by 5.3% in the 4th quarter. AdvisorNet Financial Inc now owns 4,001 shares of the exchange traded fund’s stock worth $414,000 after buying an additional 203 shares during the last quarter.

iShares U.S. Home Construction ETF Price Performance

BATS:ITB opened at $109.32 on Monday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The business has a 50 day simple moving average of $112.32 and a 200-day simple moving average of $116.31. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year 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.