Bright Futures Wealth Management LLC. Has $1.14 Million Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Bright Futures Wealth Management LLC. boosted its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,278 shares of the exchange traded fund’s stock after buying an additional 1,493 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in iShares U.S. Home Construction ETF were worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ITB. Brookstone Capital Management acquired a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at approximately $400,000. Wilson & Boucher Capital Management LLC grew its position in shares of iShares U.S. Home Construction ETF by 10.2% in the 4th quarter. Wilson & Boucher Capital Management LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $660,000 after acquiring an additional 600 shares during the period. Blackstone Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter valued at about $10,173,000. AdvisorNet Financial Inc increased its stake in shares of iShares U.S. Home Construction ETF by 17.2% during the 1st quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 631 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares U.S. Home Construction ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,308 shares of the exchange traded fund’s stock valued at $337,000 after purchasing an additional 110 shares during the period.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB opened at $117.84 on Tuesday. The company has a 50-day simple moving average of $113.41 and a 200 day simple moving average of $109.15. The company has a market capitalization of $2.99 billion, a P/E 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.

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.