PFG Advisors Has $1.71 Million Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

PFG Advisors raised its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,926 shares of the exchange traded fund’s stock after buying an additional 1,384 shares during the quarter. PFG Advisors owned about 0.07% of iShares U.S. Home Construction ETF worth $1,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brookstone Capital Management acquired a new position in iShares U.S. Home Construction ETF in the 1st quarter worth $400,000. Wilson & Boucher Capital Management LLC boosted its position in shares of iShares U.S. Home Construction ETF by 10.2% during the fourth quarter. Wilson & Boucher Capital Management LLC now owns 6,485 shares of the exchange traded fund’s stock worth $660,000 after buying an additional 600 shares during the period. Blackstone Inc. acquired a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $10,173,000. AdvisorNet Financial Inc grew its holdings in shares of iShares U.S. Home Construction ETF by 17.2% during the first quarter. AdvisorNet Financial Inc now owns 4,296 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 631 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares U.S. Home Construction ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,308 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 110 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

BATS ITB opened at $120.43 on Friday. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The stock’s 50 day moving average price is $114.66 and its two-hundred day moving average price is $109.38. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41.

iShares U.S. Home Construction ETF Company 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.