Rockport Wealth LLC Makes New $8.92 Million Investment in iShares U.S. Home Construction ETF $ITB

Rockport Wealth LLC bought a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 92,647 shares of the exchange traded fund’s stock, valued at approximately $8,922,000. iShares U.S. Home Construction ETF accounts for approximately 1.7% of Rockport Wealth LLC’s holdings, making the stock its 17th biggest holding.

Other institutional investors also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth $25,000. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth $29,000. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the second quarter worth $29,000. Capital Investment Advisory Services LLC boosted its position in iShares U.S. Home Construction ETF by 675.0% during the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 270 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth $36,000.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $87.51 on Tuesday. The business’s fifty day moving average is $93.46 and its two-hundred day moving average is $99.62. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a one year low of $86.45 and a one year high of $118.00.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.