Simplex Trading LLC Invests $12.55 Million in iShares U.S. Home Construction ETF $ITB

Simplex Trading LLC purchased a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 134,719 shares of the exchange traded fund’s stock, valued at approximately $12,551,000. Simplex Trading LLC owned approximately 0.59% of iShares U.S. Home Construction ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth about $29,000. Private Wealth Asset Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the second quarter valued at approximately $36,000. Farther Finance Advisors LLC raised its holdings in iShares U.S. Home Construction ETF by 64.7% in the second quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 205 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF in the second quarter valued at approximately $67,000. Finally, AlphaCore Capital LLC acquired a new stake in iShares U.S. Home Construction ETF in the first quarter valued at approximately $84,000.

iShares U.S. Home Construction ETF Stock Down 6.1%

Shares of BATS:ITB opened at $98.91 on Wednesday. The firm’s 50 day moving average price is $107.06 and its 200 day moving average price is $100.00. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $129.89.

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.