Empowered Funds LLC Acquires New Position in iShares U.S. Home Construction ETF (BATS:ITB)

Empowered Funds LLC bought a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,732 shares of the exchange traded fund’s stock, valued at approximately $489,000.

A number of other institutional investors also recently modified their holdings of ITB. Creative Planning boosted its position in iShares U.S. Home Construction ETF by 1.2% during the third quarter. Creative Planning now owns 25,202 shares of the exchange traded fund’s stock valued at $3,203,000 after purchasing an additional 289 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $37,000. Private Advisor Group LLC grew its stake in shares of iShares U.S. Home Construction ETF by 47.6% in the 3rd quarter. Private Advisor Group LLC now owns 77,264 shares of the exchange traded fund’s stock valued at $9,820,000 after buying an additional 24,920 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in iShares U.S. Home Construction ETF in the third quarter worth approximately $228,000. Finally, Frank Rimerman Advisors LLC bought a new position in iShares U.S. Home Construction ETF during the third quarter valued at approximately $210,000.

iShares U.S. Home Construction ETF Stock Down 4.6 %

BATS ITB opened at $100.50 on Thursday. The company has a 50 day moving average price of $105.76 and a two-hundred day moving average price of $115.43. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The stock has a market capitalization of $2.55 billion, a PE ratio of 11.56 and a beta of 1.41.

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.