iShares U.S. Home Construction ETF (BATS:ITB) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc raised its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 565.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,370 shares of the exchange traded fund’s stock after acquiring an additional 33,452 shares during the period. IFP Advisors Inc owned 0.16% of iShares U.S. Home Construction ETF worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at $28,000. Larson Financial Group LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% during the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 274 shares during the last quarter. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $37,000. Darwin Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $40,000. Finally, FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $46,000.

iShares U.S. Home Construction ETF Trading Down 7.1 %

Shares of ITB stock opened at $97.84 on Tuesday. The business’s 50 day moving average is $104.90 and its two-hundred day moving average is $115.19. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The company has a market capitalization of $2.49 billion, a P/E ratio of 11.56 and a beta of 1.41.

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.