JPMorgan Chase & Co. Has $198.21 Million Stake in iShares U.S. Home Construction ETF $ITB

JPMorgan Chase & Co. grew its position in iShares U.S. Home Construction ETF (BATS:ITB) by 388.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,848,103 shares of the exchange traded fund’s stock after acquiring an additional 1,469,896 shares during the period. JPMorgan Chase & Co. owned 8.04% of iShares U.S. Home Construction ETF worth $198,209,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Benjamin Edwards Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at approximately $1,415,000. Avaii Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at $4,733,000. Y Intercept Hong Kong Ltd boosted its position in shares of iShares U.S. Home Construction ETF by 18.5% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 7,370 shares of the exchange traded fund’s stock worth $687,000 after purchasing an additional 1,151 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of iShares U.S. Home Construction ETF by 74.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,744 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in iShares U.S. Home Construction ETF by 26.5% in the second quarter. Bank of Montreal Can now owns 5,592 shares of the exchange traded fund’s stock valued at $521,000 after buying an additional 1,172 shares during the period.

iShares U.S. Home Construction ETF Trading Up 0.6%

Shares of ITB opened at $110.91 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 1 year low of $82.71 and a 1 year high of $118.00. The stock’s 50-day moving average price is $104.44 and its two-hundred day moving average price is $104.85.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.