SPC Financial Inc. Has $1.50 Million Stake in iShares U.S. Home Construction ETF $ITB

SPC Financial Inc. trimmed its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,112 shares of the exchange traded fund’s stock after selling 1,576 shares during the quarter. SPC Financial Inc.’s holdings in iShares U.S. Home Construction ETF were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the 1st quarter valued at approximately $212,000. Avantax Advisory Services Inc. purchased a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter valued at $256,000. Sowell Financial Services LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter valued at $320,000. PNC Financial Services Group Inc. increased its stake in shares of iShares U.S. Home Construction ETF by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,144 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 121 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of iShares U.S. Home Construction ETF by 9.9% in the second quarter. Janney Montgomery Scott LLC now owns 39,965 shares of the exchange traded fund’s stock worth $3,724,000 after acquiring an additional 3,599 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Down 5.2%

BATS ITB opened at $99.83 on Friday. iShares U.S. Home Construction ETF has a 1-year low of $82.71 and a 1-year high of $129.89. The company has a market capitalization of $2.30 billion, a PE ratio of 10.18 and a beta of 1.31. The firm’s fifty day simple moving average is $108.74 and its 200-day simple moving average is $98.47.

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.