Montag A & Associates Inc. Cuts Stake in iShares U.S. Home Construction ETF $ITB

Montag A & Associates Inc. cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,046 shares of the exchange traded fund’s stock after selling 2,912 shares during the quarter. Montag A & Associates Inc. owned 0.05% of iShares U.S. Home Construction ETF worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at about $29,000. Private Wealth Asset Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the second quarter worth $36,000. Farther Finance Advisors LLC boosted its position in iShares U.S. Home Construction ETF by 64.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 205 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the second quarter valued at about $67,000. Finally, AlphaCore Capital LLC bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at about $84,000.

iShares U.S. Home Construction ETF Price Performance

BATS ITB opened at $99.65 on Wednesday. iShares U.S. Home Construction ETF has a 1 year low of $82.71 and a 1 year high of $129.89. The stock has a market capitalization of $2.29 billion, a PE ratio of 10.18 and a beta of 1.31. The business’s 50-day moving average is $105.85 and its 200 day moving average is $100.29.

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.