Eldridge Investment Advisors Inc. Sells 12,716 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Eldridge Investment Advisors Inc. lowered its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 23.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,703 shares of the exchange traded fund’s stock after selling 12,716 shares during the period. iShares U.S. Home Construction ETF comprises about 1.0% of Eldridge Investment Advisors Inc.’s portfolio, making the stock its 28th biggest position. Eldridge Investment Advisors Inc. owned about 0.16% of iShares U.S. Home Construction ETF worth $4,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter worth about $160,000. Park Avenue Securities LLC lifted its holdings in iShares U.S. Home Construction ETF by 27.8% during the 4th quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock worth $466,000 after buying an additional 980 shares during the period. Empowered Funds LLC acquired a new position in iShares U.S. Home Construction ETF during the 4th quarter worth about $489,000. HighTower Advisors LLC lifted its holdings in iShares U.S. Home Construction ETF by 43.3% during the 3rd quarter. HighTower Advisors LLC now owns 72,136 shares of the exchange traded fund’s stock worth $9,173,000 after buying an additional 21,803 shares during the period. Finally, US Bancorp DE lifted its holdings in iShares U.S. Home Construction ETF by 49.0% during the 4th quarter. US Bancorp DE now owns 6,431 shares of the exchange traded fund’s stock worth $665,000 after buying an additional 2,114 shares during the period.

iShares U.S. Home Construction ETF Trading Down 9.3 %

Shares of ITB opened at $95.49 on Friday. The company has a market capitalization of $2.39 billion, a PE ratio of 11.19 and a beta of 1.61. The stock’s 50-day moving average price is $102.96 and its two-hundred day moving average price is $113.42. iShares U.S. Home Construction ETF has a 12 month low of $93.45 and a 12 month high of $129.89.

About iShares U.S. Home Construction ETF

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.