iShares U.S. Home Construction ETF $ITB is Main Management ETF Advisors LLC’s 8th Largest Position

Main Management ETF Advisors LLC grew its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 643,542 shares of the exchange traded fund’s stock after purchasing an additional 16,140 shares during the quarter. iShares U.S. Home Construction ETF makes up approximately 2.2% of Main Management ETF Advisors LLC’s portfolio, making the stock its 8th biggest position. Main Management ETF Advisors LLC owned 2.80% of iShares U.S. Home Construction ETF worth $61,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ITB. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Home Construction ETF by 509.4% during the third quarter. BNP Paribas Financial Markets now owns 1,766,097 shares of the exchange traded fund’s stock valued at $189,414,000 after purchasing an additional 1,476,291 shares during the period. JPMorgan Chase & Co. boosted its position in 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. Raymond James Financial Inc. boosted its position in 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. BlueCrest Capital Management Ltd purchased a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $24,399,000. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new position in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $18,260,000.

iShares U.S. Home Construction ETF Stock Performance

ITB stock opened at $93.06 on Monday. The firm’s 50-day moving average price is $92.80 and its two-hundred day moving average price is $99.12. iShares U.S. Home Construction ETF has a 12-month low of $84.98 and a 12-month high of $118.00. The stock has a market capitalization of $2.14 billion, a price-to-earnings 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.