Ameriprise Financial Inc. Sells 12,340 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Ameriprise Financial Inc. trimmed its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 99,673 shares of the exchange traded fund’s stock after selling 12,340 shares during the quarter. Ameriprise Financial Inc. owned 0.39% of iShares U.S. Home Construction ETF worth $10,309,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Tudor Investment Corp ET AL lifted its holdings in shares of iShares U.S. Home Construction ETF by 292.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 56,360 shares of the exchange traded fund’s stock worth $5,827,000 after acquiring an additional 42,000 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $1,189,000. GeoWealth Management LLC increased its stake in shares of iShares U.S. Home Construction ETF by 7.9% in the fourth quarter. GeoWealth Management LLC now owns 3,478 shares of the exchange traded fund’s stock worth $360,000 after buying an additional 254 shares during the period. Alexis Investment Partners LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $455,000. Finally, NewEdge Advisors LLC increased its stake in shares of iShares U.S. Home Construction ETF by 12.5% in the fourth quarter. NewEdge Advisors LLC now owns 25,516 shares of the exchange traded fund’s stock worth $2,638,000 after buying an additional 2,831 shares during the period.

iShares U.S. Home Construction ETF Stock Down 10.2%

Shares of BATS ITB opened at $94.55 on Tuesday. iShares U.S. Home Construction ETF has a 52 week low of $82.71 and a 52 week high of $129.89. The firm’s fifty day moving average is $92.58 and its 200 day moving average is $103.43. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 10.82 and a beta of 1.38.

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.