Commonwealth Equity Services LLC Sells 20,505 Shares of iShares U.S. Home Construction ETF $ITB

Commonwealth Equity Services LLC lowered its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,652 shares of the exchange traded fund’s stock after selling 20,505 shares during the quarter. Commonwealth Equity Services LLC owned about 0.14% of iShares U.S. Home Construction ETF worth $3,048,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the second quarter worth approximately $29,000. Capital Investment Advisory Services LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 675.0% during the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 270 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth approximately $36,000.

iShares U.S. Home Construction ETF Trading Up 4.0%

Shares of BATS ITB opened at $96.27 on Wednesday. The business has a fifty day simple moving average of $93.22 and a 200 day simple moving average of $98.97. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00.

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