Focus Partners Wealth Trims Holdings in iShares U.S. Home Construction ETF $ITB

Focus Partners Wealth decreased its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,774 shares of the exchange traded fund’s stock after selling 1,360 shares during the period. Focus Partners Wealth owned about 0.10% of iShares U.S. Home Construction ETF worth $2,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter worth $212,000. Avantax Advisory Services Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter worth $256,000. Sowell Financial Services LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 1st quarter worth $320,000. PNC Financial Services Group Inc. grew its position in shares of iShares U.S. Home Construction ETF by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,144 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 121 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of 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 in the last quarter.

iShares U.S. Home Construction ETF Trading Up 6.5%

ITB opened at $112.14 on Tuesday. iShares U.S. Home Construction ETF has a 12-month low of $82.71 and a 12-month high of $129.89. The business’s fifty day simple moving average is $105.49 and its 200-day simple moving average is $97.21. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF 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.