Redwood Park Advisors LLC Invests $39,000 in iShares U.S. Home Construction ETF (BATS:ITB)

Redwood Park Advisors LLC bought a new position in iShares U.S. Home Construction ETF (BATS:ITB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 379 shares of the exchange traded fund’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $28,000. Flagship Wealth Advisors LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $37,000. Physician Wealth Advisors Inc. purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $48,000. Synergy Investment Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $52,000. Finally, Millstone Evans Group LLC bought a new position in iShares U.S. Home Construction ETF in the 4th quarter worth $97,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $88.44 on Friday. The stock has a fifty day simple moving average of $97.46 and a two-hundred day simple moving average of $109.60. The firm has a market capitalization of $2.25 billion, a PE ratio of 11.16 and a beta of 1.45. iShares U.S. Home Construction ETF has a 52-week low of $82.71 and a 52-week high of $129.89.

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.