Independent Financial Group LLC Purchases Shares of 9,241 iShares U.S. Home Construction ETF $ITB

Independent Financial Group LLC purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,241 shares of the exchange traded fund’s stock, valued at approximately $837,000.

Several other institutional investors have also recently made changes to their positions in ITB. High Point Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $29,000. JPL Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $36,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in iShares U.S. Home Construction ETF during the 4th quarter worth approximately $37,000.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB opened at $94.93 on Wednesday. iShares U.S. Home Construction ETF has a 1-year low of $84.98 and a 1-year high of $118.00. The company has a market capitalization of $2.18 billion, a P/E ratio of 10.18 and a beta of 1.31. The firm’s 50 day simple moving average is $95.99 and its two-hundred day simple moving average is $98.69.

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.