9,500 Shares in iShares U.S. Home Construction ETF $ITB Purchased by Absolute Capital Management LLC

Absolute Capital Management LLC purchased a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the exchange traded fund’s stock, valued at approximately $915,000.

Several other hedge funds have also modified their holdings of ITB. High Point Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $25,000. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at $29,000. JPL Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth $36,000. Finally, Fifth Third Bancorp boosted its position in iShares U.S. Home Construction ETF by 136.7% during the 3rd quarter. Fifth Third Bancorp now owns 348 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 201 shares during the period.

iShares U.S. Home Construction ETF Price Performance

BATS:ITB opened at $97.74 on Friday. The firm has a 50-day moving average of $93.48 and a two-hundred day moving average of $98.96. The stock has a market cap of $2.25 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 1-year low of $84.98 and a 1-year high of $118.00.

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