Secure Asset Management LLC Grows Position in iShares U.S. Home Construction ETF (BATS:ITB)

Secure Asset Management LLC lifted its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,839 shares of the exchange traded fund’s stock after purchasing an additional 1,074 shares during the quarter. Secure Asset Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $397,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in iShares U.S. Home Construction ETF by 3,425.0% in the 3rd quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 274 shares in the last quarter. Blue Trust Inc. purchased a new position in iShares U.S. Home Construction ETF in the third quarter worth $37,000. Darwin Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF in the third quarter valued at $40,000. FSA Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter valued at about $46,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in iShares U.S. Home Construction ETF during the third quarter valued at about $118,000.

iShares U.S. Home Construction ETF Trading Up 3.3 %

ITB opened at $108.76 on Friday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 11.56 and a beta of 1.41. The stock has a 50-day moving average price of $111.37 and a 200-day moving average price of $116.45. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.

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.