530,000 Shares in iShares U.S. Home Construction ETF $ITB Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the 3rd quarter, Holdings Channel.com reports. The fund bought 530,000 shares of the exchange traded fund’s stock, valued at approximately $56,843,000.

Other large investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $1,415,000. Avaii Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $4,733,000. Janney Montgomery Scott LLC grew its stake in iShares U.S. Home Construction ETF by 9.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 39,965 shares of the exchange traded fund’s stock worth $3,724,000 after buying an additional 3,599 shares during the last quarter. Farther Finance Advisors LLC increased its position in iShares U.S. Home Construction ETF by 64.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 205 shares in the last quarter. Finally, US Bancorp DE raised its stake in iShares U.S. Home Construction ETF by 2.7% in the second quarter. US Bancorp DE now owns 6,713 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 175 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS ITB opened at $105.47 on Wednesday. The company has a market cap of $2.43 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $129.89. The business has a 50-day simple moving average of $100.77 and a two-hundred day simple moving average of $103.34.

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.