Stifel Financial Corp Cuts Position in iShares U.S. Home Construction ETF (BATS:ITB)

Stifel Financial Corp lowered its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,790 shares of the exchange traded fund’s stock after selling 7,537 shares during the quarter. Stifel Financial Corp’s holdings in iShares U.S. Home Construction ETF were worth $17,134,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ITB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $63,042,000. BNP Paribas Financial Markets raised its position in iShares U.S. Home Construction ETF by 25.3% during the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after acquiring an additional 173,654 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF during the second quarter valued at $157,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at about $15,159,000. Finally, Marks Wealth LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $11,211,000.

iShares U.S. Home Construction ETF Stock Up 0.8 %

ITB opened at $119.95 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The company has a 50-day moving average price of $121.83 and a 200 day moving average price of $115.60.

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.