iShares U.S. Home Construction ETF $ITB Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 61.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,402 shares of the exchange traded fund’s stock after selling 6,966 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ITB. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $28,890,000. SummitTX Capital L.P. purchased a new position in iShares U.S. Home Construction ETF during the first quarter worth approximately $4,833,000. Flagship Private Wealth LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter valued at about $457,000. Main Management LLC boosted its holdings in iShares U.S. Home Construction ETF by 7.8% in the 4th quarter. Main Management LLC now owns 171,371 shares of the exchange traded fund’s stock valued at $16,503,000 after purchasing an additional 12,348 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in iShares U.S. Home Construction ETF in the first quarter valued at approximately $2,139,000.

iShares U.S. Home Construction ETF Trading Up 2.8%

BATS ITB opened at $97.01 on Tuesday. The stock has a market cap of $2.23 billion, a PE ratio of 10.18 and a beta of 1.31. The stock has a fifty day simple moving average of $97.34 and a 200-day simple moving average of $98.38. iShares U.S. Home Construction ETF has a twelve month low of $84.98 and a twelve month high of $118.00.

iShares U.S. Home Construction ETF 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.