One Capital Management LLC Cuts Stake in iShares U.S. Home Construction ETF (BATS:ITB)

One Capital Management LLC lowered its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,877 shares of the exchange traded fund’s stock after selling 492 shares during the period. One Capital Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $998,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in iShares U.S. Home Construction ETF by 56.8% in the first quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock valued at $198,451,000 after purchasing an additional 621,078 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at about $61,246,000. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF in the second quarter valued at about $157,000. Hollencrest Capital Management grew its stake in iShares U.S. Home Construction ETF by 61,853.2% in the first quarter. Hollencrest Capital Management now owns 154,883 shares of the exchange traded fund’s stock valued at $17,931,000 after purchasing an additional 154,633 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new position in iShares U.S. Home Construction ETF in the second quarter valued at about $15,159,000.

iShares U.S. Home Construction ETF Price Performance

ITB opened at $125.73 on Wednesday. The business’s 50-day moving average is $115.71 and its two-hundred day moving average is $109.67. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The firm has a market capitalization of $3.19 billion, a PE 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.