Jaffetilchin Investment Partners LLC Purchases New Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Jaffetilchin Investment Partners LLC acquired a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,808 shares of the exchange traded fund’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of iShares U.S. Home Construction ETF by 46.6% during the fourth quarter. SG Americas Securities LLC now owns 2,135 shares of the exchange traded fund’s stock worth $217,000 after buying an additional 679 shares during the last quarter. Raymond James & Associates lifted its stake in shares of iShares U.S. Home Construction ETF by 14.9% in the 4th quarter. Raymond James & Associates now owns 133,303 shares of the exchange traded fund’s stock valued at $13,561,000 after purchasing an additional 17,273 shares during the period. Global Retirement Partners LLC grew its stake in shares of iShares U.S. Home Construction ETF by 28.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,780 shares of the exchange traded fund’s stock worth $380,000 after purchasing an additional 841 shares during the period. Pinnacle Associates Ltd. increased its holdings in iShares U.S. Home Construction ETF by 3.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 14,240 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 450 shares during the last quarter. Finally, PFG Advisors lifted its stake in iShares U.S. Home Construction ETF by 187.3% in the fourth quarter. PFG Advisors now owns 7,760 shares of the exchange traded fund’s stock valued at $789,000 after buying an additional 5,059 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of iShares U.S. Home Construction ETF stock traded down $2.63 during trading on Friday, hitting $117.96. 3,010,573 shares of the company were exchanged. The firm has a market capitalization of $3.00 billion, a P/E ratio of 11.56 and a beta of 1.41. The firm’s fifty day moving average price is $105.98 and its 200 day moving average price is $106.24. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-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.