Wealthstar Advisors LLC Purchases New Position in iShares U.S. Home Construction ETF (BATS:ITB)

Wealthstar Advisors LLC purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,007 shares of the exchange traded fund’s stock, valued at approximately $311,000.

A number of other hedge funds also recently bought and sold shares of ITB. Golden State Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC increased its holdings in iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after acquiring 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 position in iShares U.S. Home Construction ETF during the third quarter valued at $40,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $46,000.

iShares U.S. Home Construction ETF Stock Down 2.5 %

ITB opened at $102.71 on Monday. The company has a market cap of $2.61 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The company has a 50-day moving average price of $108.52 and a 200 day moving average price of $116.31.

iShares U.S. Home Construction ETF Company 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.