Comerica Bank Has $165,000 Stake in iShares U.S. Home Construction ETF $ITB

Comerica Bank trimmed its position in iShares U.S. Home Construction ETF (BATS:ITB) by 37.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,728 shares of the exchange traded fund’s stock after selling 1,032 shares during the quarter. Comerica Bank’s holdings in iShares U.S. Home Construction ETF were worth $165,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in iShares U.S. Home Construction ETF during the first quarter worth $212,000. Avantax Advisory Services Inc. bought a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth $256,000. Sowell Financial Services LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth $320,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares U.S. Home Construction ETF by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,144 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 121 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Home Construction ETF by 5.9% during the first quarter. Envestnet Asset Management Inc. now owns 29,502 shares of the exchange traded fund’s stock worth $2,809,000 after purchasing an additional 1,639 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Up 7.2%

iShares U.S. Home Construction ETF stock opened at $112.86 on Thursday. The business’s 50-day simple moving average is $104.40 and its 200 day simple moving average is $96.91. The stock has a market cap of $2.60 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.

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.