Bright Futures Wealth Management LLC. Invests $1.58 Million in iShares U.S. Home Construction ETF $ITB

Bright Futures Wealth Management LLC. purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, Holdings Channel reports. The fund purchased 14,766 shares of the exchange traded fund’s stock, valued at approximately $1,584,000. iShares U.S. Home Construction ETF accounts for approximately 1.2% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its position in shares of iShares U.S. Home Construction ETF by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 16,235 shares of the exchange traded fund’s stock worth $1,513,000 after acquiring an additional 100 shares in the last quarter. Vista Investment Management boosted its holdings in iShares U.S. Home Construction ETF by 5.4% in the third quarter. Vista Investment Management now owns 2,322 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 119 shares during the period. Prospera Financial Services Inc increased its stake in iShares U.S. Home Construction ETF by 2.7% during the second quarter. Prospera Financial Services Inc now owns 4,665 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 123 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 0.4% during the third quarter. Rothschild Investment LLC now owns 34,665 shares of the exchange traded fund’s stock worth $3,718,000 after purchasing an additional 130 shares during the period. Finally, Assetmark Inc. lifted its position 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 buying an additional 183 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

BATS ITB opened at $107.52 on Monday. iShares U.S. Home Construction ETF has a one year low of $82.71 and a one year high of $118.00. The company has a 50-day simple moving average of $105.22 and a 200-day simple moving average of $104.96. The firm has a market capitalization of $2.47 billion, a PE ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Company 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.