Summit Financial LLC Purchases 117 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Summit Financial LLC increased its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,413 shares of the exchange traded fund’s stock after purchasing an additional 117 shares during the period. Summit Financial LLC’s holdings in iShares U.S. Home Construction ETF were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Morgan Stanley increased its position in shares of iShares U.S. Home Construction ETF by 143.0% during the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after purchasing an additional 2,162,171 shares in the last quarter. Modera Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter worth approximately $62,778,000. Barclays PLC raised its position in iShares U.S. Home Construction ETF by 57,285.6% in the third quarter. Barclays PLC now owns 700,104 shares of the exchange traded fund’s stock valued at $54,951,000 after purchasing an additional 698,884 shares during the period. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF in the third quarter valued at approximately $34,555,000. Finally, Price Capital Management Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $22,850,000.

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

ITB traded up $0.22 on Thursday, hitting $104.07. 2,513,061 shares of the company traded hands. The stock has a market capitalization of $2.64 billion, a PE ratio of 11.56 and a beta of 1.41. The company has a 50 day moving average of $108.53 and a 200-day moving average of $98.26. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.

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.