Grant GrossMendelsohn LLC Makes New Investment in iShares U.S. Home Construction ETF (BATS:ITB)

Grant GrossMendelsohn LLC bought a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,049 shares of the exchange traded fund’s stock, valued at approximately $3,003,000. iShares U.S. Home Construction ETF makes up about 1.6% of Grant GrossMendelsohn LLC’s investment portfolio, making the stock its 20th biggest position. Grant GrossMendelsohn LLC owned approximately 0.11% of iShares U.S. Home Construction ETF as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ITB. BNP Paribas Financial Markets grew its position in shares of iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after purchasing an additional 173,654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $63,042,000. Empirical Asset Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $24,537,000. Marks Wealth LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $11,211,000. Finally, Private Advisor Group LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 47.6% in the third quarter. Private Advisor Group LLC now owns 77,264 shares of the exchange traded fund’s stock worth $9,820,000 after acquiring an additional 24,920 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

BATS ITB opened at $109.32 on Friday. The business has a fifty day moving average price of $112.32 and a 200 day moving average price of $116.06. The company has a market cap of $2.78 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a one year low of $31.19 and a one year 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.