BNP Paribas Financial Markets Raises Stake in iShares U.S. Home Construction ETF $ITB

BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 509.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,766,097 shares of the exchange traded fund’s stock after acquiring an additional 1,476,291 shares during the period. BNP Paribas Financial Markets owned about 0.08% of iShares U.S. Home Construction ETF worth $189,414,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bright Futures Wealth Management LLC. purchased a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter valued at about $1,584,000. Benjamin Edwards Inc. purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth approximately $1,415,000. Avaii Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth approximately $4,733,000. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Home Construction ETF by 38.8% in the second quarter. JPMorgan Chase & Co. now owns 378,207 shares of the exchange traded fund’s stock valued at $35,238,000 after purchasing an additional 105,767 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in iShares U.S. Home Construction ETF by 26.5% in the second quarter. Bank of Montreal Can now owns 5,592 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 1,172 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Down 1.5%

Shares of iShares U.S. Home Construction ETF stock opened at $95.36 on Thursday. iShares U.S. Home Construction ETF has a 52 week low of $82.71 and a 52 week high of $118.00. The firm’s 50 day moving average is $105.64 and its two-hundred day moving average is $104.46. The firm has a market capitalization of $2.19 billion, a P/E ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.