Steward Partners Investment Advisory LLC Trims Position in iShares U.S. Home Construction ETF (BATS:ITB)

Steward Partners Investment Advisory LLC cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,507 shares of the exchange traded fund’s stock after selling 4,240 shares during the period. Steward Partners Investment Advisory LLC’s holdings in iShares U.S. Home Construction ETF were worth $569,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Stonebridge Financial Planning Group LLC increased its stake in shares of iShares U.S. Home Construction ETF by 0.7% during the third quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock valued at $1,824,000 after buying an additional 96 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of iShares U.S. Home Construction ETF by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,867 shares of the exchange traded fund’s stock valued at $813,000 after purchasing an additional 110 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of iShares U.S. Home Construction ETF by 2.6% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 6,068 shares of the exchange traded fund’s stock valued at $627,000 after purchasing an additional 151 shares in the last quarter. FMR LLC boosted its position in shares of iShares U.S. Home Construction ETF by 1.4% during the third quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 182 shares in the last quarter. Finally, Guardian Asset Advisors LLC boosted its position in shares of iShares U.S. Home Construction ETF by 4.2% during the fourth quarter. Guardian Asset Advisors LLC now owns 4,892 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 196 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Down 7.4 %

BATS ITB opened at $97.53 on Wednesday. iShares U.S. Home Construction ETF has a twelve month low of $95.35 and a twelve month high of $129.89. The firm has a market capitalization of $2.56 billion, a PE ratio of 11.84 and a beta of 1.57. The stock’s 50 day moving average is $103.54 and its 200 day moving average is $114.10.

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.