2,000 Shares in iShares U.S. Home Construction ETF (BATS:ITB) Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of 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 in the last quarter. Modera Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at $62,778,000. Barclays PLC increased its holdings in iShares U.S. Home Construction ETF by 57,285.6% in the 3rd quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock valued at $54,951,000 after acquiring an additional 698,884 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth $34,555,000. Finally, Price Capital Management Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at about $22,850,000.

iShares U.S. Home Construction ETF Trading Up 0.2 %

Shares of ITB stock opened at $104.04 on Thursday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The stock’s 50-day moving average price is $108.53 and its 200-day moving average price is $98.26.

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.