Millstone Evans Group LLC Buys New Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Millstone Evans Group LLC purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 936 shares of the exchange traded fund’s stock, valued at approximately $97,000.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth $28,000. Larson Financial Group LLC lifted its stake in shares of 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 worth $36,000 after purchasing an additional 274 shares during the period. Flagship Wealth Advisors LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth $37,000. FSA Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth $46,000. Finally, Synergy Investment Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth $52,000.

iShares U.S. Home Construction ETF Stock Down 9.9 %

Shares of iShares U.S. Home Construction ETF stock opened at $94.86 on Friday. iShares U.S. Home Construction ETF has a fifty-two week low of $93.39 and a fifty-two week high of $129.89. The firm has a market cap of $2.37 billion, a PE ratio of 11.19 and a beta of 1.61. The business’s fifty day moving average is $102.27 and its two-hundred day moving average is $112.58.

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.