William John Sempolinski Invests $2.77 Million in iShares U.S. Home Construction ETF $ITB

William John Sempolinski bought a new position in iShares U.S. Home Construction ETF (BATS:ITB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,497 shares of the exchange traded fund’s stock, valued at approximately $2,768,000. iShares U.S. Home Construction ETF comprises about 1.1% of William John Sempolinski’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds also recently bought and sold shares of ITB. Empowered Funds LLC lifted its holdings in iShares U.S. Home Construction ETF by 168.8% in the 1st quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock worth $1,211,000 after buying an additional 7,987 shares during the period. Cerity Partners LLC grew its position in shares of iShares U.S. Home Construction ETF by 125.0% in the 2nd quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock worth $518,000 after buying an additional 3,087 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at approximately $29,000. Jupiter Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at approximately $932,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Home Construction ETF by 83.9% during the second quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after acquiring an additional 62,785 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Up 0.3%

Shares of ITB stock opened at $93.91 on Friday. The stock has a fifty day moving average of $97.84 and a 200 day moving average of $96.76. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $118.00. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Company 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.