Independent Financial Group LLC Purchases Shares of 9,241 iShares U.S. Home Construction ETF $ITB

Independent Financial Group LLC acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,241 shares of the exchange traded fund’s stock, valued at approximately $837,000.

A number of other hedge funds have also recently made changes to their positions in the business. High Point Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the second quarter worth $29,000. JPL Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth $37,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB opened at $94.93 on Wednesday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The firm has a fifty day moving average price of $95.99 and a 200 day moving average price of $98.69. iShares U.S. Home Construction ETF has a fifty-two week low of $84.98 and a fifty-two week high of $118.00.

iShares U.S. Home Construction ETF Company 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.