Heritage Wealth Management Inc. Buys New Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Heritage Wealth Management Inc. purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,020 shares of the exchange traded fund’s stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Home Construction ETF in the second quarter valued at $157,000. Mirae Asset Securities USA Inc. purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $15,159,000. Marks Wealth LLC acquired a new position in iShares U.S. Home Construction ETF during the third quarter worth approximately $11,211,000. Cetera Investment Advisers lifted its stake in iShares U.S. Home Construction ETF by 2,486.0% in the first quarter. Cetera Investment Advisers now owns 89,114 shares of the exchange traded fund’s stock valued at $10,317,000 after buying an additional 85,668 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $5,047,000.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB traded up $1.02 during mid-day trading on Friday, reaching $120.02. 1,521,351 shares of the company’s stock were exchanged. The business’s fifty day simple moving average is $122.69 and its 200-day simple moving average is $113.34. The stock has a market capitalization of $3.05 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 52-week low of $31.19 and a 52-week high of $46.56.

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.