Advisors Capital Management LLC Decreases Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Advisors Capital Management LLC trimmed its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,982 shares of the exchange traded fund’s stock after selling 3,241 shares during the quarter. Advisors Capital Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of iShares U.S. Home Construction ETF by 97.2% during the 4th quarter. Wells Fargo & Company MN now owns 629,829 shares of the exchange traded fund’s stock valued at $65,118,000 after purchasing an additional 310,481 shares during the period. Empirical Asset Management LLC purchased a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at about $24,537,000. Raymond James Financial Inc. purchased a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at about $23,351,000. Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $160,000. Finally, IFP Advisors Inc boosted its position in shares of iShares U.S. Home Construction ETF by 565.3% in the fourth quarter. IFP Advisors Inc now owns 39,370 shares of the exchange traded fund’s stock valued at $4,070,000 after acquiring an additional 33,452 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB opened at $89.17 on Wednesday. The firm has a fifty day moving average price of $96.46 and a two-hundred day moving average price of $108.74. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 11.16 and a beta of 1.45. iShares U.S. Home Construction ETF has a one year low of $82.71 and a one year high of $129.89.

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.