HighTower Advisors LLC Acquires 44,083 Shares of iShares U.S. Home Construction ETF $ITB

HighTower Advisors LLC grew its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 201.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 65,932 shares of the exchange traded fund’s stock after purchasing an additional 44,083 shares during the period. HighTower Advisors LLC owned approximately 0.29% of iShares U.S. Home Construction ETF worth $7,071,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Pinnacle Associates Ltd. increased its position in iShares U.S. Home Construction ETF by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 16,235 shares of the exchange traded fund’s stock valued at $1,513,000 after buying an additional 100 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 3.7% during the second quarter. Advisory Alpha LLC now owns 3,279 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 118 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of iShares U.S. Home Construction ETF by 2.7% during the second quarter. Prospera Financial Services Inc now owns 4,665 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 123 shares in the last quarter. Assetmark Inc. raised its position in shares of iShares U.S. Home Construction ETF by 4.6% in the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 183 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in iShares U.S. Home Construction ETF by 37.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 717 shares of the exchange traded fund’s stock worth $77,000 after purchasing an additional 195 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $110.91 on Monday. iShares U.S. Home Construction ETF has a one year low of $82.71 and a one year high of $118.00. The company’s 50-day moving average is $104.44 and its 200 day moving average is $104.87. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

iShares U.S. Home Construction ETF Company 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.