Northstar Advisory Group LLC Acquires New Holdings in iShares U.S. Home Construction ETF $ITB

Northstar Advisory Group LLC bought a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,660 shares of the exchange traded fund’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also bought and sold shares of ITB. Benjamin Edwards Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF in the third quarter worth $1,415,000. Avaii Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter worth about $4,733,000. Janney Montgomery Scott LLC increased its stake in iShares U.S. Home Construction ETF by 9.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 39,965 shares of the exchange traded fund’s stock worth $3,724,000 after acquiring an additional 3,599 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 64.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 522 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 205 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of iShares U.S. Home Construction ETF by 2.7% in the 2nd quarter. US Bancorp DE now owns 6,713 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 175 shares in the last quarter.

iShares U.S. Home Construction ETF Trading Down 0.7%

Shares of BATS ITB opened at $104.60 on Tuesday. iShares U.S. Home Construction ETF has a 12 month low of $82.71 and a 12 month high of $129.89. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The business has a 50-day moving average of $101.51 and a 200-day moving average of $103.59.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.