Lyell Wealth Management LP Has $651,000 Stock Position in iShares U.S. Home Construction ETF $ITB

Lyell Wealth Management LP grew its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 47.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,983 shares of the exchange traded fund’s stock after purchasing an additional 2,233 shares during the quarter. Lyell Wealth Management LP’s holdings in iShares U.S. Home Construction ETF were worth $651,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ITB. Menora Mivtachim Holdings LTD. acquired a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter worth approximately $119,774,000. Junto Capital Management LP acquired a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter worth approximately $33,955,000. Goldman Sachs Group Inc. increased its holdings in shares of iShares U.S. Home Construction ETF by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,893,090 shares of the exchange traded fund’s stock worth $180,241,000 after acquiring an additional 343,527 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of iShares U.S. Home Construction ETF by 878.8% during the 1st quarter. Jones Financial Companies Lllp now owns 139,561 shares of the exchange traded fund’s stock worth $13,288,000 after acquiring an additional 125,303 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of iShares U.S. Home Construction ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 399,182 shares of the exchange traded fund’s stock worth $38,006,000 after acquiring an additional 64,877 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Down 1.4%

ITB stock opened at $103.87 on Tuesday. The firm has a market capitalization of $2.39 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 1-year low of $82.71 and a 1-year high of $129.89. The business’s 50 day simple moving average is $108.71 and its 200 day simple moving average is $98.78.

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.