Peak Financial Advisors LLC Cuts Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Peak Financial Advisors LLC lessened its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 51.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,342 shares of the exchange traded fund’s stock after selling 3,503 shares during the quarter. Peak Financial Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vima LLC bought a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at $27,000. Tortoise Investment Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $34,000. VitalStone Financial LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $45,000. Vestor Capital LLC bought a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $55,000. Finally, Capital Investment Advisory Services LLC grew its holdings in iShares U.S. Home Construction ETF by 171.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 643 shares of the exchange traded fund’s stock valued at $74,000 after buying an additional 1,548 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB traded up $0.47 during mid-day trading on Friday, hitting $111.98. 1,852,133 shares of the stock were exchanged. The firm has a 50-day moving average of $107.24 and a two-hundred day moving average of $106.82. iShares U.S. Home Construction ETF has a 52-week low of $31.19 and a 52-week high of $46.56. The company has a market cap of $2.84 billion, a PE ratio of 11.56 and a beta of 1.41.

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.