Scotia Capital Inc. Sells 572 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Scotia Capital Inc. reduced its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,982 shares of the exchange traded fund’s stock after selling 572 shares during the period. Scotia Capital Inc.’s holdings in iShares U.S. Home Construction ETF were worth $3,720,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $160,000. Park Avenue Securities LLC increased its stake in iShares U.S. Home Construction ETF by 27.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock worth $466,000 after acquiring an additional 980 shares during the last quarter. Amundi bought a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $134,000. Empowered Funds LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $489,000. Finally, US Bancorp DE grew its holdings in shares of iShares U.S. Home Construction ETF by 49.0% in the fourth quarter. US Bancorp DE now owns 6,431 shares of the exchange traded fund’s stock valued at $665,000 after purchasing an additional 2,114 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Down 15.3 %

iShares U.S. Home Construction ETF stock opened at $89.24 on Friday. iShares U.S. Home Construction ETF has a 52-week low of $82.71 and a 52-week high of $129.89. The firm’s fifty day moving average is $97.13 and its 200 day moving average is $109.34. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 11.16 and a beta of 1.45.

About iShares U.S. Home Construction ETF

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.