Gamco Investors INC. ET AL trimmed its position in iShares U.S. Home Construction ETF (BATS:ITB – Get Rating) by 46.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the exchange traded fund’s stock after selling 6,000 shares during the period. Gamco Investors INC. ET AL’s holdings in iShares U.S. Home Construction ETF were worth $424,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in iShares U.S. Home Construction ETF by 94.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,805,735 shares of the exchange traded fund’s stock worth $109,437,000 after purchasing an additional 875,235 shares in the last quarter. Jane Street Group LLC increased its holdings in iShares U.S. Home Construction ETF by 458.9% during the 2nd quarter. Jane Street Group LLC now owns 577,164 shares of the exchange traded fund’s stock worth $30,301,000 after purchasing an additional 737,977 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in iShares U.S. Home Construction ETF by 141.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,117,574 shares of the exchange traded fund’s stock worth $66,227,000 after purchasing an additional 655,216 shares in the last quarter. Assetmark Inc. increased its holdings in iShares U.S. Home Construction ETF by 51.3% during the 4th quarter. Assetmark Inc. now owns 1,930,891 shares of the exchange traded fund’s stock worth $117,022,000 after purchasing an additional 654,562 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares U.S. Home Construction ETF by 4,589.7% during the 4th quarter. JPMorgan Chase & Co. now owns 388,730 shares of the exchange traded fund’s stock worth $23,559,000 after purchasing an additional 380,441 shares in the last quarter.
iShares U.S. Home Construction ETF Stock Performance
ITB traded up $0.03 during midday trading on Monday, reaching $78.76. 2,292,766 shares of the company were exchanged. The company’s fifty day moving average price is $74.06 and its 200 day moving average price is $68.52. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 7.49 and a beta of 1.36. iShares U.S. Home Construction ETF has a one year low of $31.19 and a one year high of $46.56.
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.
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