Mirae Asset Global Investments Co. Ltd. Invests $228,000 in iShares U.S. Home Construction ETF (BATS:ITB)

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,800 shares of the exchange traded fund’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITB. Blue Trust Inc. acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $37,000. Opal Wealth Advisors LLC purchased a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $138,000. International Assets Investment Management LLC acquired a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at approximately $138,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at approximately $157,000. Finally, Trust Co. of Vermont purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth $191,000.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB opened at $117.15 on Monday. The company’s fifty day moving average price is $122.77 and its 200-day moving average price is $112.95. 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 capitalization of $2.98 billion, a PE 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.