Riverbridge Partners LLC Acquires New Shares in iShares U.S. Home Construction ETF $ITB

Riverbridge Partners LLC bought a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,794 shares of the exchange traded fund’s stock, valued at approximately $504,000.

A number of other institutional investors have also added to or reduced their stakes in ITB. Equity Investment Corp bought a new stake in iShares U.S. Home Construction ETF during the third quarter worth $15,373,000. Allspring Global Investments Holdings LLC acquired a new stake in iShares U.S. Home Construction ETF in the third quarter valued at $2,454,000. StoneX Group Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at about $424,000. Parallel Advisors LLC grew its position in shares of iShares U.S. Home Construction ETF by 22.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,696 shares of the exchange traded fund’s stock valued at $235,000 after acquiring an additional 488 shares during the period. Finally, Mader & Shannon Wealth Management Inc. grew its position in shares of iShares U.S. Home Construction ETF by 2.8% in the 3rd quarter. Mader & Shannon Wealth Management Inc. now owns 50,124 shares of the exchange traded fund’s stock valued at $4,362,000 after acquiring an additional 1,354 shares during the period.

iShares U.S. Home Construction ETF Price Performance

iShares U.S. Home Construction ETF stock opened at $95.45 on Thursday. The firm has a market capitalization of $2.25 billion, a PE ratio of 17.46 and a beta of 1.27. The company’s 50-day moving average is $89.83 and its 200-day moving average is $95.81. iShares U.S. Home Construction ETF has a fifty-two week low of $82.08 and a fifty-two week high of $115.26.

iShares U.S. Home Construction ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a $0.2104 dividend. This is an increase from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 0.9%.

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.