iShares U.S. Home Construction ETF $ITB Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 19.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,559 shares of the exchange traded fund’s stock after selling 41,916 shares during the quarter. Royal Bank of Canada owned approximately 0.75% of iShares U.S. Home Construction ETF worth $15,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ITB. Empowered Funds LLC raised 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 valued at $1,211,000 after acquiring an additional 7,987 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 125.0% during the second quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock worth $518,000 after purchasing an additional 3,087 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at $29,000. Jupiter Wealth Management LLC acquired a new position in iShares U.S. Home Construction ETF in the second quarter valued at $932,000. Finally, Ameriprise Financial Inc. increased its stake in iShares U.S. Home Construction ETF by 83.9% in the second quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after purchasing an additional 62,785 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Up 2.7%

BATS ITB opened at $101.14 on Friday. The business’s 50-day moving average price is $97.90 and its 200 day moving average price is $98.22. iShares U.S. Home Construction ETF has a twelve month low of $84.98 and a twelve month high of $118.00. The company has a market capitalization of $2.33 billion, a PE ratio of 10.18 and a beta of 1.31.

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.