Bright Futures Wealth Management LLC. Takes Position in iShares U.S. Home Construction ETF $ITB

Bright Futures Wealth Management LLC. acquired a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,766 shares of the exchange traded fund’s stock, valued at approximately $1,584,000. iShares U.S. Home Construction ETF makes up 1.2% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 23rd biggest holding. Bright Futures Wealth Management LLC. owned approximately 0.06% of iShares U.S. Home Construction ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Home Construction ETF by 388.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,848,103 shares of the exchange traded fund’s stock valued at $198,209,000 after acquiring an additional 1,469,896 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in iShares U.S. Home Construction ETF by 1,143.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 588,556 shares of the exchange traded fund’s stock valued at $54,836,000 after purchasing an additional 541,206 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $56,843,000. Main Management ETF Advisors LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the second quarter valued at about $36,316,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $24,022,000.

iShares U.S. Home Construction ETF Stock Up 0.3%

Shares of BATS ITB opened at $107.52 on Monday. iShares U.S. Home Construction ETF has a fifty-two week low of $82.71 and a fifty-two week high of $118.00. The business has a 50 day moving average price of $105.22 and a two-hundred day moving average price of $104.96. The firm has a market cap of $2.47 billion, a PE 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.