389,778 Shares in iShares U.S. Home Construction ETF $ITB Acquired by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 389,778 shares of the exchange traded fund’s stock, valued at approximately $36,316,000. iShares U.S. Home Construction ETF makes up about 1.5% of Main Management ETF Advisors LLC’s portfolio, making the stock its 10th biggest holding.

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. purchased a new position in shares of iShares U.S. Home Construction ETF in the 1st quarter worth $256,000. PNC Financial Services Group Inc. increased its position in iShares U.S. Home Construction ETF by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,144 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 121 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 valued at $3,724,000 after acquiring an additional 3,599 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares U.S. Home Construction ETF by 5.9% in the first quarter. Envestnet Asset Management Inc. now owns 29,502 shares of the exchange traded fund’s stock worth $2,809,000 after purchasing an additional 1,639 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 205 shares during the period.

iShares U.S. Home Construction ETF Stock Down 10.9%

Shares of BATS:ITB opened at $93.81 on Thursday. The stock has a market capitalization of $2.16 billion, a PE ratio of 10.18 and a beta of 1.31. The firm’s 50 day moving average price is $103.67 and its 200-day moving average price is $100.40. iShares U.S. Home Construction ETF has a twelve month low of $82.71 and a twelve month high of $129.89.

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.