iShares U.S. Home Construction ETF (BATS:ITB) is Riggs Asset Managment Co. Inc.’s 7th Largest Position

Riggs Asset Managment Co. Inc. decreased its position in iShares U.S. Home Construction ETF (BATS:ITB) by 25.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,554 shares of the exchange traded fund’s stock after selling 29,033 shares during the quarter. iShares U.S. Home Construction ETF accounts for approximately 3.0% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 7th largest position. Riggs Asset Managment Co. Inc. owned about 0.34% of iShares U.S. Home Construction ETF worth $10,874,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in iShares U.S. Home Construction ETF during the 1st quarter worth approximately $400,000. PFG Advisors boosted its holdings in iShares U.S. Home Construction ETF by 8.9% in the second quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock valued at $1,711,000 after purchasing an additional 1,384 shares during the period. Toronto Dominion Bank acquired a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth $3,538,000. PNC Financial Services Group Inc. increased its holdings in iShares U.S. Home Construction ETF by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,759 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 164 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter worth about $653,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB traded down $1.83 during midday trading on Friday, hitting $119.80. The company had a trading volume of 1,078,922 shares. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.56 and a beta of 1.41. The company’s 50-day simple moving average is $122.79 and its 200-day simple moving average is $112.53.

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.