SOL Capital Management CO Sells 8,300 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

SOL Capital Management CO decreased its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,040 shares of the exchange traded fund’s stock after selling 8,300 shares during the quarter. SOL Capital Management CO’s holdings in iShares U.S. Home Construction ETF were worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after purchasing an additional 173,654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth about $63,042,000. Capital Asset Advisory Services LLC grew its stake in shares of iShares U.S. Home Construction ETF by 2.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after buying an additional 9,934 shares during the period. Empirical Asset Management LLC bought a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at about $24,537,000. Finally, Marks Wealth LLC acquired a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $11,211,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB opened at $109.99 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 business’s 50 day simple moving average is $110.71 and its two-hundred day simple moving average is $116.62. The firm has a market cap of $2.79 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.