Hollencrest Capital Management Decreases Position in iShares U.S. Home Construction ETF (BATS:ITB)

Hollencrest Capital Management trimmed its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 99.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 501 shares of the exchange traded fund’s stock after selling 154,382 shares during the period. Hollencrest Capital Management’s holdings in iShares U.S. Home Construction ETF were worth $51,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in iShares U.S. Home Construction ETF by 56.8% in the first quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock worth $198,451,000 after buying an additional 621,078 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth about $61,246,000. Axxcess Wealth Management LLC grew its holdings in iShares U.S. Home Construction ETF by 2.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 417,932 shares of the exchange traded fund’s stock valued at $42,236,000 after purchasing an additional 10,173 shares during the last quarter. Wells Fargo & Company MN raised its position in iShares U.S. Home Construction ETF by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 282,127 shares of the exchange traded fund’s stock worth $28,701,000 after purchasing an additional 7,303 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in iShares U.S. Home Construction ETF by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 257,634 shares of the exchange traded fund’s stock worth $29,827,000 after purchasing an additional 12,835 shares during the last quarter.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB opened at $125.59 on Friday. The firm has a market capitalization of $3.19 billion, a PE ratio of 11.56 and a beta of 1.41. The business has a 50 day simple moving average of $117.55 and a two-hundred day simple moving average of $110.14. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56.

About iShares U.S. Home Construction ETF

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.