Y.D. More Investments Ltd Lowers Holdings in iShares U.S. Home Construction ETF $ITB

Y.D. More Investments Ltd lowered its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,700 shares of the exchange traded fund’s stock after selling 1,200 shares during the period. Y.D. More Investments Ltd’s holdings in iShares U.S. Home Construction ETF were worth $811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in iShares U.S. Home Construction ETF in the first quarter worth about $29,000. Private Wealth Asset Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at about $36,000. Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 205 shares during the period. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at approximately $67,000. Finally, AlphaCore Capital LLC purchased a new position in iShares U.S. Home Construction ETF during the first quarter valued at approximately $84,000.

iShares U.S. Home Construction ETF Stock Down 7.9%

Shares of BATS:ITB opened at $97.02 on Friday. The firm has a 50 day moving average of $104.91 and a 200 day moving average of $100.36. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52 week low of $82.71 and a 52 week high of $129.89.

iShares U.S. Home Construction ETF 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.