Arlington Capital Management Inc. Boosts Position in iShares U.S. Home Construction ETF (BATS:ITB)

Arlington Capital Management Inc. lifted its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,795 shares of the exchange traded fund’s stock after acquiring an additional 2,023 shares during the quarter. iShares U.S. Home Construction ETF makes up about 3.6% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Arlington Capital Management Inc.’s holdings in iShares U.S. Home Construction ETF were worth $5,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $28,000. Larson Financial Group LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 274 shares during the period. Flagship Wealth Advisors LLC bought a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter valued at about $46,000. Finally, Synergy Investment Management LLC bought a new position in iShares U.S. Home Construction ETF in the 4th quarter worth about $52,000.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB stock opened at $97.19 on Wednesday. iShares U.S. Home Construction ETF has a 12-month low of $93.39 and a 12-month high of $129.89. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.19 and a beta of 1.61. The business has a 50 day simple moving average of $102.11 and a 200 day simple moving average of $112.27.

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.