Meridian Wealth Management LLC cut its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,210 shares of the exchange traded fund’s stock after selling 1,798 shares during the period. Meridian Wealth Management LLC owned about 0.06% of iShares U.S. Home Construction ETF worth $1,469,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at $28,000. Larson Financial Group LLC raised its stake in 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 during the last quarter. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $40,000. FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $46,000. Finally, Synergy Asset Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at $112,000.
iShares U.S. Home Construction ETF Price Performance
Shares of ITB stock opened at $97.05 on Tuesday. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The firm has a fifty day moving average price of $104.25 and a 200-day moving average price of $114.83. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 11.84 and a beta of 1.57.
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.
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