Royal Bank of Canada cut its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 19.5% during the first quarter, Holdings Channel reports. The firm owned 173,559 shares of the exchange traded fund’s stock after selling 41,916 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Home Construction ETF were worth $15,716,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ITB. Quantinno Capital Management LP acquired a new position in shares of iShares U.S. Home Construction ETF in the first quarter worth about $684,000. SummitTX Capital L.P. purchased a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at $4,833,000. RMG Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF during the first quarter valued at $65,000. Bank of Nova Scotia lifted its stake in iShares U.S. Home Construction ETF by 42.9% in the 1st quarter. Bank of Nova Scotia now owns 95,012 shares of the exchange traded fund’s stock worth $8,603,000 after acquiring an additional 28,529 shares in the last quarter. Finally, Group One Trading LLC purchased a new stake in iShares U.S. Home Construction ETF in the 1st quarter worth about $522,000.
iShares U.S. Home Construction ETF Trading Up 2.7%
Shares of BATS ITB opened at $101.14 on Friday. iShares U.S. Home Construction ETF has a one year low of $84.98 and a one year high of $118.00. The business has a 50-day moving average price of $97.90 and a two-hundred day moving average price of $98.22. The firm has a market capitalization of $2.33 billion, a PE ratio of 10.18 and a beta of 1.31.
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.
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Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB – Free Report).
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