Arlington Capital Management Inc. Acquires New Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Arlington Capital Management Inc. purchased a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 66,283 shares of the exchange traded fund’s stock, valued at approximately $6,743,000. iShares U.S. Home Construction ETF comprises approximately 6.1% of Arlington Capital Management Inc.’s holdings, making the stock its 2nd largest position.

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

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS ITB traded down $1.30 during trading hours on Thursday, hitting $106.64. The company’s stock had a trading volume of 914,144 shares. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56. The business has a 50-day simple moving average of $108.69 and a 200-day simple moving average of $99.41. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

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.