iShares U.S. Home Construction ETF $ITB Stake Increased by Forte Asset Management LLC

Forte Asset Management LLC increased its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 21.5% in the third quarter, Holdings Channel reports. The firm owned 44,117 shares of the exchange traded fund’s stock after acquiring an additional 7,799 shares during the period. iShares U.S. Home Construction ETF accounts for 1.5% of Forte Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $3,839,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITB. TD Waterhouse Canada Inc. raised its holdings in iShares U.S. Home Construction ETF by 353.7% in the second quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 191 shares during the period. RMG Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the first quarter worth approximately $65,000. Signature Equity Partners LLC grew its stake in iShares U.S. Home Construction ETF by 10,571.4% during the first quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 740 shares during the period. Abound Financial LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $96,000. Finally, Western Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the first quarter worth $138,000.

iShares U.S. Home Construction ETF Trading Up 0.8%

Shares of ITB stock opened at $84.64 on Wednesday. The company’s fifty day simple moving average is $92.26 and its 200-day simple moving average is $94.32. iShares U.S. Home Construction ETF has a 52 week low of $83.69 and a 52 week high of $115.26. The company has a market cap of $1.95 billion, a PE ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $0.2104 per share. This is a positive change from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.0%.

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.