Lake Hills Wealth Management LLC Invests $5.92 Million in iShares U.S. Home Construction ETF (BATS:ITB)

Lake Hills Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,214 shares of the exchange traded fund’s stock, valued at approximately $5,923,000. iShares U.S. Home Construction ETF comprises 4.1% of Lake Hills Wealth Management LLC’s holdings, making the stock its 11th largest position.

Other hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at about $160,000. Amundi acquired a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at about $134,000. Empowered Funds LLC acquired a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at about $489,000. US Bancorp DE lifted its stake in iShares U.S. Home Construction ETF by 49.0% in the 4th quarter. US Bancorp DE now owns 6,431 shares of the exchange traded fund’s stock valued at $665,000 after purchasing an additional 2,114 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in iShares U.S. Home Construction ETF by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,023 shares of the exchange traded fund’s stock valued at $313,000 after purchasing an additional 220 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB opened at $90.68 on Friday. iShares U.S. Home Construction ETF has a 52-week low of $82.71 and a 52-week high of $129.89. The company has a market capitalization of $2.14 billion, a P/E ratio of 10.82 and a beta of 1.31. The company has a 50-day simple moving average of $91.05 and a 200 day simple moving average of $100.92.

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.