Wedmont Private Capital Invests $210,000 in iShares U.S. Home Construction ETF (BATS:ITB)

Wedmont Private Capital bought a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,697 shares of the exchange traded fund’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vima LLC purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at $27,000. Tortoise Investment Management LLC acquired a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth about $34,000. Adirondack Trust Co. raised its position in iShares U.S. Home Construction ETF by 37.2% during the fourth quarter. Adirondack Trust Co. now owns 704 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 191 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the second quarter valued at approximately $138,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $138,000.

iShares U.S. Home Construction ETF Price Performance

BATS:ITB opened at $123.72 on Monday. The company has a 50 day moving average price of $120.33 and a 200-day moving average price of $111.68. 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 cap of $3.14 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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.