JPMorgan Chase & Co. lowered its position in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,837 shares of the exchange traded fund’s stock after selling 353,901 shares during the period. JPMorgan Chase & Co.’s holdings in iShares U.S. Home Construction ETF were worth $25,526,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in ITB. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in iShares U.S. Home Construction ETF during the 3rd quarter valued at about $63,042,000. BNP Paribas Financial Markets increased its holdings in iShares U.S. Home Construction ETF by 25.3% during the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after buying an additional 173,654 shares during the period. Strategic Financial Concepts LLC bought a new position in iShares U.S. Home Construction ETF in the second quarter worth approximately $157,000. Marks Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth $11,211,000. Finally, Kingsview Wealth Management LLC boosted its position in iShares U.S. Home Construction ETF by 1,096.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 64,406 shares of the exchange traded fund’s stock valued at $8,186,000 after acquiring an additional 59,023 shares in the last quarter.
iShares U.S. Home Construction ETF Trading Down 1.4 %
ITB opened at $101.59 on Wednesday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56. The stock has a fifty day moving average price of $114.67 and a 200-day moving average price of $116.09.
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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