Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 268 shares of the exchange traded fund’s stock, valued at approximately $28,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $160,000. WESPAC Advisors SoCal LLC increased its holdings in iShares U.S. Home Construction ETF by 5.8% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 68,907 shares of the exchange traded fund’s stock worth $7,124,000 after acquiring an additional 3,808 shares during the last quarter. Q3 Asset Management increased its holdings in iShares U.S. Home Construction ETF by 17.4% in the 4th quarter. Q3 Asset Management now owns 3,597 shares of the exchange traded fund’s stock worth $371,000 after acquiring an additional 534 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth about $658,000. Finally, Institute for Wealth Management LLC. purchased a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at about $222,000.
iShares U.S. Home Construction ETF Stock Down 1.7 %
ITB stock opened at $103.57 on Wednesday. The firm has a market capitalization of $2.63 billion, a PE ratio of 11.56 and a beta of 1.41. The stock has a 50-day simple moving average of $107.72 and a two-hundred day simple moving average of $116.11. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56.
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.
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