Advisor Resource Council Acquires Shares of 2,827 iShares U.S. Home Construction ETF (BATS:ITB)

Advisor Resource Council acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,827 shares of the exchange traded fund’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley lifted its position in iShares U.S. Home Construction ETF by 143.0% in the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock valued at $288,356,000 after purchasing an additional 2,162,171 shares during the last quarter. Modera Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF in the third quarter valued at approximately $62,778,000. Balyasny Asset Management L.P. bought a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $61,246,000. Wells Fargo & Company MN lifted its position in iShares U.S. Home Construction ETF by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 282,127 shares of the exchange traded fund’s stock valued at $28,701,000 after purchasing an additional 7,303 shares during the last quarter. Finally, Price Capital Management Inc. bought a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $22,850,000.

iShares U.S. Home Construction ETF Stock Up 0.3 %

Shares of iShares U.S. Home Construction ETF stock opened at $98.15 on Friday. The company has a market cap of $2.49 billion, a PE ratio of 11.56 and a beta of 1.41. The business has a 50 day moving average of $104.43 and a 200 day moving average of $104.81. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56.

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.