Bank of America Corp DE Has $694.29 Million Position in iShares U.S. Home Construction ETF (BATS:ITB)

Bank of America Corp DE reduced its position in iShares U.S. Home Construction ETF (BATS:ITB) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,715,235 shares of the exchange traded fund’s stock after selling 46,281 shares during the quarter. Bank of America Corp DE owned approximately 26.44% of iShares U.S. Home Construction ETF worth $694,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Home Construction ETF during the fourth quarter valued at $160,000. Amundi acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $134,000. Park Avenue Securities LLC lifted its stake in iShares U.S. Home Construction ETF by 27.8% in the fourth quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 980 shares during the period. Empowered Funds LLC acquired a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $489,000. Finally, US Bancorp DE grew its holdings in shares of iShares U.S. Home Construction ETF by 49.0% in the 4th quarter. US Bancorp DE now owns 6,431 shares of the exchange traded fund’s stock valued at $665,000 after buying an additional 2,114 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of iShares U.S. Home Construction ETF stock opened at $92.93 on Tuesday. The business has a 50-day moving average of $93.48 and a two-hundred day moving average of $105.38. iShares U.S. Home Construction ETF has a 1 year low of $82.71 and a 1 year high of $129.89. The company has a market capitalization of $2.45 billion, a P/E ratio of 10.57 and a beta of 1.45.

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.