Meridian Wealth Management LLC Sells 1,798 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Meridian Wealth Management LLC decreased its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,210 shares of the exchange traded fund’s stock after selling 1,798 shares during the period. Meridian Wealth Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ITB. Strategic Financial Concepts LLC bought a new position in iShares U.S. Home Construction ETF in the 4th quarter worth $160,000. Park Avenue Securities LLC boosted its holdings in iShares U.S. Home Construction ETF by 27.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock worth $466,000 after buying an additional 980 shares during the period. Sigma Planning Corp boosted its holdings in iShares U.S. Home Construction ETF by 49.0% in the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock worth $1,204,000 after buying an additional 3,117 shares during the period. Empowered Funds LLC bought a new position in iShares U.S. Home Construction ETF in the 4th quarter worth $489,000. Finally, HighTower Advisors LLC boosted its holdings in iShares U.S. Home Construction ETF by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 72,136 shares of the exchange traded fund’s stock worth $9,173,000 after buying an additional 21,803 shares during the period.

iShares U.S. Home Construction ETF Stock Down 7.8 %

ITB opened at $97.05 on Tuesday. The firm has a 50-day simple moving average of $104.25 and a two-hundred day simple moving average of $114.83. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The company has a market capitalization of $2.55 billion, a PE ratio of 11.84 and a beta of 1.57.

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.