Forte Asset Management LLC Makes New $2.89 Million Investment in iShares U.S. Home Construction ETF $ITB

Forte Asset Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 31,898 shares of the exchange traded fund’s stock, valued at approximately $2,888,000. Forte Asset Management LLC owned about 0.14% of iShares U.S. Home Construction ETF as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. High Point Wealth Management LLC acquired a new stake 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 fourth quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the second quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $37,000.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $102.90 on Friday. iShares U.S. Home Construction ETF has a 12-month low of $84.98 and a 12-month high of $118.00. The firm has a market capitalization of $2.37 billion, a PE ratio of 10.18 and a beta of 1.31. The firm has a 50 day moving average of $95.47 and a two-hundred day moving average of $98.77.

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.