PNC Financial Services Group Inc. Grows Stake in iShares U.S. Home Construction ETF (BATS:ITB)

PNC Financial Services Group Inc. lifted its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,144 shares of the exchange traded fund’s stock after acquiring an additional 121 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Home Construction ETF were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at about $29,000. Farther Finance Advisors LLC increased its stake in shares of iShares U.S. Home Construction ETF by 94.5% during the first quarter. Farther Finance Advisors LLC now owns 317 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. BOKF NA increased its stake in shares of iShares U.S. Home Construction ETF by 97.6% during the fourth quarter. BOKF NA now owns 405 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of iShares U.S. Home Construction ETF by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 540 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 272 shares in the last quarter. Finally, CX Institutional bought a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at approximately $64,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS ITB opened at $109.62 on Friday. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $129.89. The company has a 50 day simple moving average of $97.34 and a two-hundred day simple moving average of $96.04. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

About iShares U.S. Home Construction ETF

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.