JPMorgan Chase & Co. Boosts Holdings in iShares U.S. Home Construction ETF $ITB

JPMorgan Chase & Co. increased its position in iShares U.S. Home Construction ETF (BATS:ITB) by 38.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,207 shares of the exchange traded fund’s stock after purchasing an additional 105,767 shares during the period. JPMorgan Chase & Co. owned approximately 1.64% of iShares U.S. Home Construction ETF worth $35,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ITB. Private Wealth Asset Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the second quarter worth approximately $36,000. Farther Finance Advisors LLC raised its holdings 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 worth $49,000 after acquiring an additional 205 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF in the 2nd quarter valued at approximately $67,000. AlphaCore Capital LLC purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter valued at $84,000. Finally, WealthShield Partners LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter worth $86,000.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB opened at $103.51 on Wednesday. iShares U.S. Home Construction ETF has a 1 year low of $82.71 and a 1 year high of $129.89. The company has a market cap of $2.38 billion, a P/E ratio of 10.18 and a beta of 1.31. The stock’s fifty day moving average price is $101.97 and its 200-day moving average price is $100.92.

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.