Everstar Asset Management LLC Boosts Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Everstar Asset Management LLC raised its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,948 shares of the exchange traded fund’s stock after buying an additional 754 shares during the period. Everstar Asset Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $160,000. Park Avenue Securities LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 27.8% during the 4th quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 980 shares in the last quarter. Amundi acquired a new position in shares of iShares U.S. Home Construction ETF in the 4th quarter valued at $134,000. Empowered Funds LLC purchased a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth $489,000. Finally, US Bancorp DE grew its position in iShares U.S. Home Construction ETF by 49.0% during the fourth 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 Stock Performance

ITB opened at $94.31 on Monday. The company has a fifty day moving average of $101.40 and a two-hundred day moving average of $111.81. iShares U.S. Home Construction ETF has a fifty-two week low of $93.39 and a fifty-two week high of $129.89. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 11.19 and a beta of 1.61.

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.