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

Montag A & Associates Inc. increased its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 171.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,117 shares of the exchange traded fund’s stock after purchasing an additional 42,426 shares during the quarter. Montag A & Associates Inc. owned approximately 0.29% of iShares U.S. Home Construction ETF worth $6,077,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 168.8% in the first quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock worth $1,211,000 after buying an additional 7,987 shares in the last quarter. Cerity Partners LLC increased its holdings in iShares U.S. Home Construction ETF by 125.0% in the 2nd quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock valued at $518,000 after acquiring an additional 3,087 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 2nd quarter worth $29,000. Jupiter Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 2nd quarter worth $932,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares U.S. Home Construction ETF by 83.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after purchasing an additional 62,785 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Down 1.4%

BATS:ITB opened at $99.87 on Wednesday. The company has a market capitalization of $2.30 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 12 month low of $84.98 and a 12 month high of $118.00. The business’s 50-day moving average is $95.49 and its 200 day moving average is $98.75.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.