Sheets Smith Wealth Management Makes New $1.72 Million Investment in iShares U.S. Home Construction ETF $ITB

Sheets Smith Wealth Management purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,473 shares of the exchange traded fund’s stock, valued at approximately $1,721,000.

Other hedge funds have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at $28,890,000. IMC Chicago LLC bought a new position in iShares U.S. Home Construction ETF in the 1st quarter worth $2,139,000. Main Management LLC boosted its holdings in iShares U.S. Home Construction ETF by 7.8% in the 4th quarter. Main Management LLC now owns 171,371 shares of the exchange traded fund’s stock worth $16,503,000 after buying an additional 12,348 shares during the period. Flagship Private Wealth LLC purchased a new stake in iShares U.S. Home Construction ETF in the 1st quarter worth $457,000. Finally, SummitTX Capital L.P. purchased a new stake in iShares U.S. Home Construction ETF in the 1st quarter worth $4,833,000.

iShares U.S. Home Construction ETF Stock Up 0.8%

BATS:ITB opened at $96.41 on Friday. The business’s 50-day simple moving average is $98.63 and its two-hundred day simple moving average is $97.41. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $118.00. The stock has a market cap of $2.22 billion, a PE ratio of 10.18 and a beta of 1.31.

About iShares U.S. Home Construction ETF

(Free Report)

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.

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