Grant GrossMendelsohn LLC Invests $3 Million in iShares U.S. Home Construction ETF (BATS:ITB)

Grant GrossMendelsohn LLC acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,049 shares of the exchange traded fund’s stock, valued at approximately $3,003,000. iShares U.S. Home Construction ETF accounts for about 1.6% of Grant GrossMendelsohn LLC’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 3,425.0% during the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 274 shares during the period. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF in the third quarter valued at about $37,000. Darwin Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter worth about $40,000. FSA Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $118,000.

iShares U.S. Home Construction ETF Trading Up 3.8 %

Shares of BATS ITB opened at $109.32 on Friday. The stock has a market capitalization of $2.78 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The stock has a fifty day simple moving average of $112.32 and a 200-day simple moving average of $116.06.

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.