iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC trimmed its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256 shares of the exchange traded fund’s stock after selling 93 shares during the period. Founders Financial Alliance LLC’s holdings in iShares U.S. Home Construction ETF were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vima LLC bought a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at $27,000. Tortoise Investment Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $34,000. VitalStone Financial LLC acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter worth about $45,000. Adirondack Trust Co. increased its holdings 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. Finally, Opal Wealth Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF during the second quarter valued at approximately $138,000.

iShares U.S. Home Construction ETF Trading Up 0.4 %

Shares of ITB opened at $127.56 on Wednesday. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The stock has a 50 day moving average of $119.06 and a 200-day moving average of $110.86.

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.