iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by SMI Advisory Services LLC

SMI Advisory Services LLC cut its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 15.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,711 shares of the exchange traded fund’s stock after selling 7,893 shares during the quarter. iShares U.S. Home Construction ETF makes up approximately 1.3% of SMI Advisory Services LLC’s investment portfolio, making the stock its 19th largest position. SMI Advisory Services LLC owned approximately 0.15% of iShares U.S. Home Construction ETF worth $4,662,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings 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 buying 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 in the 3rd quarter worth approximately $62,778,000. Balyasny Asset Management L.P. acquired a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $61,246,000. Axxcess Wealth Management LLC purchased a new stake in shares of 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 in the fourth quarter valued at approximately $22,850,000.

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

Shares of BATS ITB opened at $100.75 on Thursday. The stock has a fifty day simple moving average of $105.01 and a 200-day simple moving average of $104.79. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The stock has a market capitalization of $2.56 billion, a PE ratio of 11.56 and a beta of 1.41.

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.