Truist Financial Corp Trims Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Truist Financial Corp cut its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 45.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,642 shares of the exchange traded fund’s stock after selling 7,986 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Home Construction ETF were worth $997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $37,000. Strategic Financial Concepts LLC purchased a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $160,000. Park Avenue Securities LLC raised its stake in iShares U.S. Home Construction ETF by 27.8% during the 4th quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after acquiring an additional 980 shares during the last quarter. Sigma Planning Corp increased its position in iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 3,117 shares during the period. Finally, Empowered Funds LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter worth approximately $489,000.

iShares U.S. Home Construction ETF Trading Down 6.1 %

BATS ITB opened at $98.85 on Friday. The business’s 50 day moving average is $104.25 and its two-hundred day moving average is $114.82. 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 market capitalization of $2.60 billion, a price-to-earnings ratio of 11.84 and a beta of 1.57.

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.