Advisors Capital Management LLC Sells 3,241 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Advisors Capital Management LLC decreased its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 39.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,982 shares of the exchange traded fund’s stock after selling 3,241 shares during the period. Advisors Capital Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tudor Financial Inc. purchased a new position in iShares U.S. Home Construction ETF in the 3rd quarter worth $3,015,000. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $118,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of iShares U.S. Home Construction ETF by 2.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,471 shares of the exchange traded fund’s stock valued at $1,706,000 after acquiring an additional 311 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at about $257,000. Finally, Peddock Capital Advisors LLC grew its position in iShares U.S. Home Construction ETF by 1.7% during the 4th quarter. Peddock Capital Advisors LLC now owns 17,458 shares of the exchange traded fund’s stock worth $1,805,000 after acquiring an additional 289 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $89.17 on Wednesday. The company has a market capitalization of $2.27 billion, a P/E ratio of 11.16 and a beta of 1.45. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $129.89. The stock has a 50 day moving average price of $96.46 and a two-hundred day moving average price of $108.74.

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.