PNC Financial Services Group Inc. Buys 220 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

PNC Financial Services Group Inc. raised its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,023 shares of the exchange traded fund’s stock after purchasing an additional 220 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Home Construction ETF were worth $313,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ITB. Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $28,000. Larson Financial Group LLC boosted its stake in shares of iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 274 shares during the period. Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $40,000. FSA Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $46,000. Finally, Synergy Investment Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $52,000.

iShares U.S. Home Construction ETF Stock Down 9.9 %

BATS ITB opened at $94.86 on Friday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 11.19 and a beta of 1.61. The business has a 50-day moving average price of $102.27 and a 200-day moving average price of $112.62. iShares U.S. Home Construction ETF has a twelve month low of $93.39 and a twelve month high of $129.89.

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.