Brightwater Advisory LLC Trims Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Brightwater Advisory LLC decreased its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,365 shares of the exchange traded fund’s stock after selling 338 shares during the quarter. Brightwater Advisory LLC’s holdings in iShares U.S. Home Construction ETF were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITB. Stonebridge Financial Planning Group LLC grew its stake in iShares U.S. Home Construction ETF by 0.7% during the third quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock worth $1,824,000 after buying an additional 96 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of iShares U.S. Home Construction ETF by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,867 shares of the exchange traded fund’s stock valued at $813,000 after acquiring an additional 110 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in iShares U.S. Home Construction ETF by 2.6% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 6,068 shares of the exchange traded fund’s stock worth $627,000 after purchasing an additional 151 shares during the period. Great Diamond Partners LLC increased its holdings in iShares U.S. Home Construction ETF by 1.0% in the 3rd quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock valued at $2,161,000 after purchasing an additional 169 shares in the last quarter. Finally, FMR LLC raised its position in iShares U.S. Home Construction ETF by 1.4% in the third quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 182 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of ITB opened at $101.08 on Wednesday. The stock has a market cap of $2.57 billion, a PE ratio of 11.56 and a beta of 1.41. The stock’s 50-day moving average is $104.71 and its two-hundred day moving average is $115.11. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56.

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.