Royal Bank of Canada Trims Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Royal Bank of Canada trimmed its holdings in iShares U.S. Home Construction ETF (BATS:ITB – Get Rating) by 47.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 157,593 shares of the exchange traded fund’s stock after selling 140,287 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Home Construction ETF were worth $8,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITB. Edmond DE Rothschild Holding S.A. purchased a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth $32,000. Advisors Preferred LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at about $35,000. CoreCap Advisors LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the 2nd quarter valued at approximately $36,000. EdgeRock Capital LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $48,000. Finally, Private Trust Co. NA purchased a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $64,000.

iShares U.S. Home Construction ETF Stock Down 1.9 %

Shares of BATS ITB opened at $66.35 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 moving average is $67.16 and its two-hundred day moving average is $60.54. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 7.49 and a beta of 1.35.

iShares U.S. Home Construction ETF Company Profile

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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.