iShares U.S. Home Construction ETF $ITB Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 61.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,402 shares of the exchange traded fund’s stock after selling 6,966 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $420,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $28,890,000. Main Management LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 7.8% in the fourth quarter. Main Management LLC now owns 171,371 shares of the exchange traded fund’s stock valued at $16,503,000 after buying an additional 12,348 shares during the last quarter. Flagship Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter valued at approximately $457,000. SummitTX Capital L.P. acquired a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth $4,833,000. Finally, IMC Chicago LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter worth $2,139,000.

iShares U.S. Home Construction ETF Trading Up 2.8%

Shares of ITB opened at $97.01 on Tuesday. iShares U.S. Home Construction ETF has a twelve month low of $84.98 and a twelve month high of $118.00. The firm has a market capitalization of $2.23 billion, a PE ratio of 10.18 and a beta of 1.31. The stock’s 50 day moving average is $97.34 and its two-hundred day moving average is $98.38.

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.