iShares U.S. Home Construction ETF $ITB Stake Raised by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 141.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,306 shares of the exchange traded fund’s stock after acquiring an additional 13,086 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Home Construction ETF were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF during the 2nd quarter valued at $29,000. Private Wealth Asset Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at $36,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $48,000. Private Trust Co. NA acquired a new stake in iShares U.S. Home Construction ETF in the third quarter worth about $54,000. Finally, Elevation Point Wealth Partners LLC bought a new position in iShares U.S. Home Construction ETF in the 2nd quarter valued at about $69,000.

iShares U.S. Home Construction ETF Trading Up 3.7%

iShares U.S. Home Construction ETF stock opened at $109.19 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 stock has a market cap of $2.51 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The company’s 50-day moving average price is $102.57 and its two-hundred day moving average price is $104.05.

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.