iShares U.S. Home Construction ETF $ITB Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 26.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,088 shares of the exchange traded fund’s stock after selling 1,836 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in iShares U.S. Home Construction ETF were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ITB. Whittier Trust Co. of Nevada Inc. acquired a new stake in iShares U.S. Home Construction ETF during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 94.5% in the 1st quarter. Farther Finance Advisors LLC now owns 317 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 101.5% in the 1st quarter. Golden State Wealth Management LLC now owns 540 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 272 shares in the last quarter. CX Institutional acquired a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at $64,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at $67,000.

iShares U.S. Home Construction ETF Trading Down 4.9%

Shares of ITB opened at $100.19 on Tuesday. iShares U.S. Home Construction ETF has a twelve month low of $82.71 and a twelve month high of $129.89. The firm’s fifty day simple moving average is $108.71 and its 200-day simple moving average is $98.50. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

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.