Brown Brothers Harriman & Co. Increases Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Brown Brothers Harriman & Co. boosted its position in iShares U.S. Home Construction ETF (BATS:ITB) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares U.S. Home Construction ETF were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Asset Advisory Services LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 2.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after purchasing an additional 9,934 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in iShares U.S. Home Construction ETF by 2.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 356,213 shares of the exchange traded fund’s stock valued at $36,829,000 after buying an additional 9,488 shares during the period. Empirical Asset Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at about $24,537,000. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at about $23,351,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Home Construction ETF by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 210,991 shares of the exchange traded fund’s stock worth $21,814,000 after buying an additional 10,154 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB stock opened at $95.27 on Tuesday. The business has a 50-day moving average of $101.12 and a 200 day moving average of $111.63. iShares U.S. Home Construction ETF has a 1-year low of $92.81 and a 1-year high of $129.89. The stock has a market capitalization of $2.38 billion, a PE ratio of 11.19 and a beta of 1.61.

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.