Ibex Wealth Advisors Invests $1.36 Million in iShares U.S. Home Construction ETF (BATS:ITB)

Ibex Wealth Advisors bought a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,168 shares of the exchange traded fund’s stock, valued at approximately $1,361,000. Ibex Wealth Advisors owned 0.05% of iShares U.S. Home Construction ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 3,425.0% during the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 274 shares in the last quarter. Blue Trust Inc. bought a new position in iShares U.S. Home Construction ETF in the third quarter valued at $37,000. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $40,000. FSA Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at $46,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $118,000.

iShares U.S. Home Construction ETF Trading Up 3.5 %

ITB stock traded up $3.68 during midday trading on Wednesday, hitting $108.99. The company had a trading volume of 4,965,026 shares. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The stock’s 50 day moving average price is $111.09 and its 200 day moving average price is $116.73. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56.

iShares U.S. Home Construction ETF Profile

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.