SeaBridge Investment Advisors LLC Sells 807 Shares of iShares U.S. Home Construction ETF $ITB

SeaBridge Investment Advisors LLC trimmed its position in iShares U.S. Home Construction ETF (BATS:ITB) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,560 shares of the exchange traded fund’s stock after selling 807 shares during the period. SeaBridge Investment Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ITB. Menora Mivtachim Holdings LTD. acquired a new position in shares of iShares U.S. Home Construction ETF in the 1st quarter valued at $119,774,000. Junto Capital Management LP acquired a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth about $33,955,000. Goldman Sachs Group Inc. lifted its holdings in shares of iShares U.S. Home Construction ETF by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,893,090 shares of the exchange traded fund’s stock valued at $180,241,000 after purchasing an additional 343,527 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares U.S. Home Construction ETF by 878.8% in the 1st quarter. Jones Financial Companies Lllp now owns 139,561 shares of the exchange traded fund’s stock valued at $13,288,000 after purchasing an additional 125,303 shares during the period. Finally, Royal Bank of Canada increased its stake 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 purchasing an additional 64,877 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB opened at $106.99 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a twelve month low of $82.71 and a twelve month high of $129.89. The firm’s 50 day moving average price is $107.56 and its two-hundred day moving average price is $97.82.

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.