iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Brightwater Advisory LLC

Brightwater Advisory LLC cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 6.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,703 shares of the exchange traded fund’s stock after selling 371 shares during the quarter. Brightwater Advisory LLC’s holdings in iShares U.S. Home Construction ETF were worth $725,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Balyasny Asset Management L.P. acquired a new position in iShares U.S. Home Construction ETF during the fourth quarter worth about $61,246,000. VitalStone Financial LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth $45,000. Vista Investment Management purchased a new position in iShares U.S. Home Construction ETF in the fourth quarter worth approximately $224,000. Barometer Capital Management Inc. purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter worth about $712,000. Finally, Blackstone Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $10,173,000.

iShares U.S. Home Construction ETF Stock Performance

BATS ITB traded up $0.93 on Wednesday, reaching $124.46. The stock had a trading volume of 1,501,286 shares. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The business’s 50-day moving average price is $119.99 and its 200 day moving average price is $111.46. The stock has a market cap of $3.16 billion, a P/E ratio of 11.56 and a beta of 1.41.

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.