NewEdge Advisors LLC Buys 2,831 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

NewEdge Advisors LLC increased its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,516 shares of the exchange traded fund’s stock after acquiring an additional 2,831 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $2,638,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ITB. Tudor Financial Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $3,015,000. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Home Construction ETF during the third quarter valued at approximately $118,000. B. Riley Wealth Advisors Inc. grew its holdings in iShares U.S. Home Construction ETF by 2.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,471 shares of the exchange traded fund’s stock valued at $1,706,000 after buying an additional 311 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $257,000. Finally, Peddock Capital Advisors LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 1.7% during the 4th quarter. Peddock Capital Advisors LLC now owns 17,458 shares of the exchange traded fund’s stock worth $1,805,000 after acquiring an additional 289 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

ITB stock opened at $87.07 on Tuesday. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $129.89. The firm has a market cap of $2.30 billion, a PE ratio of 10.57 and a beta of 1.45. The firm has a fifty day moving average price of $95.32 and a 200 day moving average price of $107.68.

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.