HighTower Advisors LLC Raises Position in iShares U.S. Home Construction ETF $ITB

HighTower Advisors LLC grew its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 201.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 65,932 shares of the exchange traded fund’s stock after purchasing an additional 44,083 shares during the period. HighTower Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $7,071,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Pinnacle Associates Ltd. raised its holdings in iShares U.S. Home Construction ETF by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 16,235 shares of the exchange traded fund’s stock valued at $1,513,000 after buying an additional 100 shares during the period. Advisory Alpha LLC increased its position in iShares U.S. Home Construction ETF by 3.7% during the second quarter. Advisory Alpha LLC now owns 3,279 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 118 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of iShares U.S. Home Construction ETF by 2.7% in the second quarter. Prospera Financial Services Inc now owns 4,665 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 123 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares U.S. Home Construction ETF by 4.6% in the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the exchange traded fund’s stock worth $390,000 after acquiring an additional 183 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 37.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 717 shares of the exchange traded fund’s stock worth $77,000 after purchasing an additional 195 shares during the period.

iShares U.S. Home Construction ETF Trading Up 0.6%

Shares of BATS:ITB opened at $110.91 on Monday. iShares U.S. Home Construction ETF has a 12 month low of $82.71 and a 12 month high of $118.00. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The firm’s 50-day moving average is $104.44 and its 200 day moving average is $104.87.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.