Private Advisor Group LLC Trims Stake in iShares U.S. Home Construction ETF $ITB

Private Advisor Group LLC lessened its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 61.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,919 shares of the exchange traded fund’s stock after selling 32,957 shares during the period. Private Advisor Group LLC owned approximately 0.09% of iShares U.S. Home Construction ETF worth $1,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. DAVENPORT & Co LLC raised its holdings in iShares U.S. Home Construction ETF by 3.0% in the 4th quarter. DAVENPORT & Co LLC now owns 4,107 shares of the exchange traded fund’s stock valued at $396,000 after buying an additional 120 shares during the period. Giverny Capital Inc. lifted its position in iShares U.S. Home Construction ETF by 1.2% in the fourth quarter. Giverny Capital Inc. now owns 11,698 shares of the exchange traded fund’s stock valued at $1,127,000 after buying an additional 137 shares during the last quarter. NBC Securities Inc. boosted its stake in iShares U.S. Home Construction ETF by 8.7% during the fourth quarter. NBC Securities Inc. now owns 1,967 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 158 shares during the period. Jaffetilchin Investment Partners LLC boosted its stake in iShares U.S. Home Construction ETF by 6.0% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,819 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 160 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its stake in iShares U.S. Home Construction ETF by 3.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 5,352 shares of the exchange traded fund’s stock worth $515,000 after buying an additional 172 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB opened at $97.76 on Friday. The firm has a 50-day simple moving average of $95.45 and a two-hundred day simple moving average of $98.70. The stock has a market cap of $2.25 billion, a PE 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.