Integrated Wealth Concepts LLC Purchases New Position in iShares U.S. Home Construction ETF $ITB

Integrated Wealth Concepts LLC purchased a new stake in iShares U.S. Home Construction ETF (BATS:ITB) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,448 shares of the exchange traded fund’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. acquired a new position in iShares U.S. Home Construction ETF in the first quarter worth $119,774,000. Royal Bank of Canada lifted its position in iShares U.S. Home Construction ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 399,182 shares of the exchange traded fund’s stock worth $38,006,000 after buying an additional 64,877 shares in the last quarter. Capital Asset Advisory Services LLC lifted its position in iShares U.S. Home Construction ETF by 2.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 377,529 shares of the exchange traded fund’s stock worth $36,473,000 after buying an additional 10,142 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in iShares U.S. Home Construction ETF by 2.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 365,657 shares of the exchange traded fund’s stock worth $34,814,000 after buying an additional 9,444 shares in the last quarter. Finally, Junto Capital Management LP acquired a new position in iShares U.S. Home Construction ETF during the 1st quarter worth about $33,955,000.

iShares U.S. Home Construction ETF Trading Up 8.0%

Shares of ITB stock opened at $113.76 on Friday. iShares U.S. Home Construction ETF has a 1 year low of $82.71 and a 1 year high of $129.89. The firm’s 50 day moving average is $105.14 and its 200-day moving average is $97.16. The firm has a market capitalization of $2.62 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.