Meridian Wealth Management LLC Invests $2.04 Million in iShares U.S. Home Construction ETF (BATS:ITB)

Meridian Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,008 shares of the exchange traded fund’s stock, valued at approximately $2,035,000. Meridian Wealth Management LLC owned about 0.06% of iShares U.S. Home Construction ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC increased its stake in shares of iShares U.S. Home Construction ETF by 2.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 417,932 shares of the exchange traded fund’s stock worth $42,236,000 after purchasing an additional 10,173 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of iShares U.S. Home Construction ETF by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 257,634 shares of the exchange traded fund’s stock worth $29,827,000 after buying an additional 12,835 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth about $157,000. Mirae Asset Securities USA Inc. bought a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth about $15,159,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 6.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 139,792 shares of the exchange traded fund’s stock worth $14,127,000 after buying an additional 8,966 shares during the period.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $120.32 on Friday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The company has a 50-day simple moving average of $122.70 and a 200 day simple moving average of $114.28. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week 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.