BNP Paribas Financial Markets Trims Stake in iShares U.S. Home Construction ETF $ITB

BNP Paribas Financial Markets lowered its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 893,414 shares of the exchange traded fund’s stock after selling 872,683 shares during the quarter. BNP Paribas Financial Markets owned 3.88% of iShares U.S. Home Construction ETF worth $86,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at $29,000. Capital Investment Advisory Services LLC grew its stake in shares of iShares U.S. Home Construction ETF by 675.0% in the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 270 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at $36,000.

iShares U.S. Home Construction ETF Trading Down 0.0%

Shares of BATS ITB opened at $93.02 on Tuesday. iShares U.S. Home Construction ETF has a twelve month low of $84.98 and a twelve month high of $118.00. The stock has a market capitalization of $2.14 billion, a PE ratio of 10.18 and a beta of 1.31. The stock has a fifty day simple moving average of $92.85 and a 200-day simple moving average of $99.07.

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.