Axxcess Wealth Management LLC Lowers Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Axxcess Wealth Management LLC cut its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 428,529 shares of the exchange traded fund’s stock after selling 11,715 shares during the period. iShares U.S. Home Construction ETF makes up 1.3% of Axxcess Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Axxcess Wealth Management LLC owned approximately 1.53% of iShares U.S. Home Construction ETF worth $43,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in ITB. Morgan Stanley lifted its stake in 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 worth $288,356,000 after purchasing an additional 2,162,171 shares in the last quarter. Modera Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth about $62,778,000. Barclays PLC boosted its holdings in iShares U.S. Home Construction ETF by 57,285.6% during the 3rd quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock valued at $54,951,000 after acquiring an additional 698,884 shares during the period. Price Capital Management Inc. acquired a new position in iShares U.S. Home Construction ETF in the 4th quarter valued at about $22,850,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth about $8,951,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB traded up $1.80 during mid-day trading on Friday, hitting $107.37. 1,961,221 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $108.58 and its 200-day moving average is $98.68. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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.