Glen Eagle Advisors LLC Decreases Position in iShares U.S. Home Construction ETF (BATS:ITB)

Glen Eagle Advisors LLC reduced its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 39.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,261 shares of the exchange traded fund’s stock after selling 6,735 shares during the period. Glen Eagle Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITB. BNP Paribas Financial Markets grew its position in iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after acquiring an additional 173,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $63,042,000. Axxcess Wealth Management LLC increased its stake in iShares U.S. Home Construction ETF by 2.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 417,932 shares of the exchange traded fund’s stock worth $42,236,000 after buying an additional 10,173 shares during the period. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $157,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $15,159,000.

iShares U.S. Home Construction ETF Price Performance

Shares of iShares U.S. Home Construction ETF stock opened at $118.98 on Friday. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56. The company has a market capitalization of $3.02 billion, a PE ratio of 11.56 and a beta of 1.41. The business has a 50-day moving average of $121.98 and a 200-day moving average of $115.35.

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.