AdvisorNet Financial Inc Boosts Stake in iShares U.S. Home Construction ETF (BATS:ITB)

AdvisorNet Financial Inc boosted its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 4,001 shares of the exchange traded fund’s stock after acquiring an additional 203 shares during the quarter. AdvisorNet Financial Inc’s holdings in iShares U.S. Home Construction ETF were worth $414,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of iShares U.S. Home Construction ETF by 25.3% in 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 purchasing an additional 173,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at $63,042,000. Marks Wealth LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $11,211,000. Private Advisor Group LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 47.6% during the 3rd quarter. Private Advisor Group LLC now owns 77,264 shares of the exchange traded fund’s stock worth $9,820,000 after acquiring an additional 24,920 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 43.3% in the third quarter. HighTower Advisors LLC now owns 72,136 shares of the exchange traded fund’s stock valued at $9,173,000 after purchasing an additional 21,803 shares during the period.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $107.98 on Thursday. iShares U.S. Home Construction ETF has a one year low of $31.19 and a one year high of $46.56. The business’s 50 day moving average price is $112.78 and its 200 day moving average price is $116.04. The stock has a market capitalization of $2.74 billion, a PE ratio of 11.56 and a beta of 1.41.

About iShares U.S. Home Construction ETF

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.