iShares U.S. Home Construction ETF (BATS:ITB) Stake Lowered by Stephens Inc. AR

Stephens Inc. AR reduced its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 6,791 shares of the exchange traded fund’s stock after selling 177 shares during the period. Stephens Inc. AR’s holdings in iShares U.S. Home Construction ETF were worth $702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $489,000. Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $28,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $160,000. WESPAC Advisors SoCal LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 5.8% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 68,907 shares of the exchange traded fund’s stock valued at $7,124,000 after acquiring an additional 3,808 shares in the last quarter. Finally, Q3 Asset Management boosted its holdings in iShares U.S. Home Construction ETF by 17.4% in the fourth quarter. Q3 Asset Management now owns 3,597 shares of the exchange traded fund’s stock worth $371,000 after purchasing an additional 534 shares in the last quarter.

iShares U.S. Home Construction ETF Trading Down 2.2 %

Shares of BATS:ITB opened at $102.95 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 11.56 and a beta of 1.41. 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 $107.02 and a 200 day moving average price of $115.92.

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.