M&T Bank Corp Reduces Stock Holdings in iShares U.S. Home Construction ETF $ITB

M&T Bank Corp reduced its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 72.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,178 shares of the exchange traded fund’s stock after selling 19,087 shares during the quarter. M&T Bank Corp’s holdings in iShares U.S. Home Construction ETF were worth $691,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ITB. BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Home Construction ETF by 509.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,766,097 shares of the exchange traded fund’s stock valued at $189,414,000 after buying an additional 1,476,291 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Home Construction ETF by 388.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,848,103 shares of the exchange traded fund’s stock valued at $198,209,000 after buying an additional 1,469,896 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $56,843,000. Raymond James Financial Inc. raised its holdings in shares of iShares U.S. Home Construction ETF by 329.7% during the 3rd quarter. Raymond James Financial Inc. now owns 440,063 shares of the exchange traded fund’s stock valued at $47,197,000 after buying an additional 337,660 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $24,399,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB opened at $94.84 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a one year low of $87.02 and a one year high of $118.00. The business’s 50-day simple moving average is $96.58 and its 200 day simple moving average is $100.57.

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.