November 10, 2019 at 3:45 pm

Steward Partners Investment Advisory LLC Trims Position in iShares U.S. Home Construction ETF (BATS:ITB)

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Steward Partners Investment Advisory LLC cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 93.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,789 shares of the exchange traded fund’s stock after selling 24,129 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares U.S. Home Construction ETF were worth $77,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Wealth Group LLC increased its stake in shares of iShares U.S. Home Construction ETF by 19.1% during the second quarter. Cornerstone Wealth Group LLC now owns 36,972 shares of the exchange traded fund’s stock valued at $1,413,000 after buying an additional 5,936 shares during the period. Lee Danner & Bass Inc. increased its stake in shares of iShares U.S. Home Construction ETF by 20.5% during the second quarter. Lee Danner & Bass Inc. now owns 40,591 shares of the exchange traded fund’s stock valued at $1,551,000 after buying an additional 6,905 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $40,449,000. Main Management LLC increased its stake in shares of iShares U.S. Home Construction ETF by 5.9% during the second quarter. Main Management LLC now owns 361,754 shares of the exchange traded fund’s stock valued at $13,826,000 after buying an additional 20,253 shares during the period. Finally, Silverleafe Capital Partners LLC increased its stake in shares of iShares U.S. Home Construction ETF by 14.6% during the third quarter. Silverleafe Capital Partners LLC now owns 82,709 shares of the exchange traded fund’s stock valued at $3,582,000 after buying an additional 10,560 shares during the period.

ITB opened at $43.91 on Friday. iShares U.S. Home Construction ETF has a 52-week low of $31.19 and a 52-week high of $46.56. The stock’s 50 day moving average price is $43.94 and its 200-day moving average price is $40.20.

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.

Further Reading: Fundamental Analysis

Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB).

Institutional Ownership by Quarter for iShares U.S. Home Construction ETF (BATS:ITB)

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