Avantax Advisory Services Inc. Makes New Investment in iShares U.S. Home Construction ETF (BATS:ITB)

Avantax Advisory Services Inc. acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,688 shares of the exchange traded fund’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. OneDigital Investment Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF during the first quarter worth about $212,000. Sowell Financial Services LLC bought a new position in iShares U.S. Home Construction ETF during the 1st quarter worth approximately $320,000. Envestnet Asset Management Inc. lifted its holdings in iShares U.S. Home Construction ETF by 5.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 29,502 shares of the exchange traded fund’s stock worth $2,809,000 after buying an additional 1,639 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in iShares U.S. Home Construction ETF by 15.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,383 shares of the exchange traded fund’s stock worth $322,000 after buying an additional 456 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 1st quarter worth approximately $235,000.

iShares U.S. Home Construction ETF Trading Down 1.4%

Shares of BATS ITB opened at $103.84 on Friday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 12-month low of $82.71 and a 12-month high of $129.89. The stock’s 50 day simple moving average is $95.58 and its 200 day simple moving average is $96.19.

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.