Forte Asset Management LLC Purchases Shares of 31,898 iShares U.S. Home Construction ETF $ITB

Forte Asset Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 31,898 shares of the exchange traded fund’s stock, valued at approximately $2,888,000.

A number of other institutional investors have also modified their holdings of ITB. High Point Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the second quarter worth about $29,000. JPL Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF during the third quarter worth about $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth about $37,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $102.90 on Friday. The stock has a 50 day moving average of $95.47 and a 200 day moving average of $98.77. The stock has a market cap of $2.37 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a twelve month low of $84.98 and a twelve month high of $118.00.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.