Kraft Davis & Associates LLC Purchases Shares of 2,040 iShares U.S. Home Construction ETF (BATS:ITB)

Kraft Davis & Associates LLC purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,040 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Several other institutional investors have also added to or reduced their stakes in ITB. Bank of America Corp DE lifted its stake in shares of iShares U.S. Home Construction ETF by 74.5% in the 1st quarter. Bank of America Corp DE now owns 5,580,771 shares of the exchange traded fund’s stock valued at $392,272,000 after acquiring an additional 2,382,632 shares during the last quarter. Morgan Stanley raised its stake in shares of iShares U.S. Home Construction ETF by 143.0% during the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock valued at $288,356,000 after acquiring an additional 2,162,171 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the third quarter worth about $62,778,000. Jane Street Group LLC grew its stake in shares of iShares U.S. Home Construction ETF by 458.9% in the second quarter. Jane Street Group LLC now owns 577,164 shares of the exchange traded fund’s stock worth $30,301,000 after purchasing an additional 737,977 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of iShares U.S. Home Construction ETF by 57,285.6% in the third quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock worth $54,951,000 after purchasing an additional 698,884 shares during the last quarter.

iShares U.S. Home Construction ETF Price Performance

ITB traded down $0.64 during midday trading on Friday, reaching $102.36. 1,956,010 shares of the company’s stock traded hands. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 11.72 and a beta of 1.38. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The firm has a fifty day moving average of $108.28 and a two-hundred day moving average of $96.54.

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.