iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Main Management LLC

Main Management LLC lessened its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,715 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Main Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $694,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $28,000. Flagship Wealth Advisors LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth approximately $37,000. Redwood Park Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth approximately $39,000. BOKF NA boosted its stake in iShares U.S. Home Construction ETF by 97.6% during the 4th quarter. BOKF NA now owns 405 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in iShares U.S. Home Construction ETF during the 4th quarter valued at $48,000.

iShares U.S. Home Construction ETF Stock Down 8.2%

Shares of iShares U.S. Home Construction ETF stock opened at $96.63 on Wednesday. The business has a fifty day simple moving average of $92.88 and a 200-day simple moving average of $104.10. 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 $2.65 billion, a price-to-earnings ratio of 10.82 and a beta of 1.38.

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.