IHT Wealth Management LLC Sells 1,412 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

IHT Wealth Management LLC cut its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 41.0% during the third quarter, HoldingsChannel reports. The firm owned 2,034 shares of the exchange traded fund’s stock after selling 1,412 shares during the period. IHT Wealth Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITB. Blue Trust Inc. bought a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $37,000. Sigma Planning Corp raised its position in iShares U.S. Home Construction ETF by 49.0% during the 3rd quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 3,117 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $210,000. PFG Advisors grew its position in shares of iShares U.S. Home Construction ETF by 8.9% during the 2nd quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock worth $1,711,000 after buying an additional 1,384 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of iShares U.S. Home Construction ETF during the second quarter valued at $3,538,000.

iShares U.S. Home Construction ETF Price Performance

ITB stock opened at $117.19 on Wednesday. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56. The business has a 50-day moving average price of $121.63 and a 200 day moving average price of $115.68. The company has a market capitalization of $2.98 billion, a P/E ratio of 11.56 and a beta of 1.41.

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.