Truist Financial Corp boosted its holdings in iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 20.6% in the second quarter, HoldingsChannel.com reports. The firm owned 19,693 shares of the exchange traded fund’s stock after buying an additional 3,366 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Home Construction ETF were worth $1,990,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in ITB. Vima LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $27,000. Tortoise Investment Management LLC acquired a new position in iShares U.S. Home Construction ETF during the fourth quarter worth approximately $34,000. Adirondack Trust Co. lifted its stake in iShares U.S. Home Construction ETF by 37.2% in the fourth quarter. Adirondack Trust Co. now owns 704 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 191 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $138,000. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter worth approximately $138,000.
iShares U.S. Home Construction ETF Price Performance
ITB stock opened at $123.72 on Friday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The company has a fifty day moving average price of $120.33 and a 200 day moving average price of $111.70. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56.
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.
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Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB – Free Report).
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