Bank of Nova Scotia Has $8.60 Million Stock Position in iShares U.S. Home Construction ETF $ITB

Bank of Nova Scotia raised its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 42.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 95,012 shares of the exchange traded fund’s stock after buying an additional 28,529 shares during the period. Bank of Nova Scotia’s holdings in iShares U.S. Home Construction ETF were worth $8,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITB. Group One Trading LLC acquired a new position in iShares U.S. Home Construction ETF during the first quarter worth $522,000. Walleye Capital LLC increased its stake in iShares U.S. Home Construction ETF by 1,167.2% in the 1st quarter. Walleye Capital LLC now owns 66,693 shares of the exchange traded fund’s stock valued at $6,039,000 after buying an additional 61,430 shares during the last quarter. Signature Equity Partners LLC increased its stake in iShares U.S. Home Construction ETF by 10,571.4% in the 1st quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 740 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in iShares U.S. Home Construction ETF by 10.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,926 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 285 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in iShares U.S. Home Construction ETF by 1,385.8% during the 1st quarter. Parallel Advisors LLC now owns 3,566 shares of the exchange traded fund’s stock worth $323,000 after buying an additional 3,326 shares in the last quarter.

iShares U.S. Home Construction ETF Price Performance

iShares U.S. Home Construction ETF stock opened at $97.09 on Monday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The firm has a 50-day moving average of $96.44 and a 200-day moving average of $98.65. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00.

About iShares U.S. Home Construction ETF

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.