RWA Wealth Partners LLC Makes New $4.10 Million Investment in iShares U.S. Home Construction ETF (BATS:ITB)

RWA Wealth Partners LLC bought a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, Holdings Channel reports. The firm bought 40,311 shares of the exchange traded fund’s stock, valued at approximately $4,101,000.

Other large investors have also bought and sold shares of the company. Morgan Stanley increased its position in iShares U.S. Home Construction ETF by 143.0% in the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after buying an additional 2,162,171 shares during the last quarter. PFG Advisors increased its position in iShares U.S. Home Construction ETF by 187.3% in the fourth quarter. PFG Advisors now owns 7,760 shares of the exchange traded fund’s stock worth $789,000 after buying an additional 5,059 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in iShares U.S. Home Construction ETF in the third quarter worth $890,000. Price Capital Management Inc. purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at $22,850,000. Finally, Synergy Asset Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at $3,225,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS ITB opened at $103.17 on Tuesday. The stock has a market cap of $2.88 billion, a PE ratio of 11.72 and a beta of 1.38. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The stock has a fifty day moving average of $108.23 and a 200-day moving average of $97.02.

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.