Forte Asset Management LLC Buys New Stake in iShares U.S. Home Construction ETF $ITB

Forte Asset Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, HoldingsChannel reports. The institutional investor purchased 14,482 shares of the exchange traded fund’s stock, valued at approximately $1,553,000.

A number of other institutional investors also recently added to or reduced their stakes in ITB. Empowered Funds LLC raised its holdings in shares of 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in iShares U.S. Home Construction ETF by 64.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 205 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in iShares U.S. Home Construction ETF by 9.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 39,965 shares of the exchange traded fund’s stock valued at $3,724,000 after buying an additional 3,599 shares in the last quarter. Truist Financial Corp grew its position in iShares U.S. Home Construction ETF by 1.7% in the second quarter. Truist Financial Corp now owns 9,220 shares of the exchange traded fund’s stock valued at $859,000 after acquiring an additional 153 shares during the period. Finally, Trust Co. of Vermont raised its stake in iShares U.S. Home Construction ETF by 30.9% during the second quarter. Trust Co. of Vermont now owns 1,757 shares of the exchange traded fund’s stock worth $164,000 after acquiring an additional 415 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS ITB opened at $105.11 on Friday. iShares U.S. Home Construction ETF has a 52-week low of $82.71 and a 52-week high of $129.89. The business has a fifty day moving average of $101.30 and a two-hundred day moving average of $103.47. The stock has a market cap of $2.42 billion, a PE 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.