Lyell Wealth Management LP Acquires 2,233 Shares of iShares U.S. Home Construction ETF $ITB

Lyell Wealth Management LP increased its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 47.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,983 shares of the exchange traded fund’s stock after purchasing an additional 2,233 shares during the period. Lyell Wealth Management LP’s holdings in iShares U.S. Home Construction ETF were worth $651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at approximately $212,000. Avantax Advisory Services Inc. acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at approximately $256,000. PNC Financial Services Group Inc. raised its position in iShares U.S. Home Construction ETF by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,144 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 121 shares during the last quarter. Janney Montgomery Scott LLC raised its position in iShares U.S. Home Construction ETF by 9.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 39,965 shares of the exchange traded fund’s stock valued at $3,724,000 after buying an additional 3,599 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in iShares U.S. Home Construction ETF by 5.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,502 shares of the exchange traded fund’s stock valued at $2,809,000 after buying an additional 1,639 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of iShares U.S. Home Construction ETF stock opened at $103.87 on Tuesday. The firm has a market cap of $2.39 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52-week low of $82.71 and a 52-week high of $129.89. The business’s 50 day simple moving average is $108.71 and its 200 day simple moving average is $98.78.

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.