iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 51.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,539 shares of the exchange traded fund’s stock after selling 3,702 shares during the quarter. Sigma Planning Corp’s holdings in iShares U.S. Home Construction ETF were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITB. Morgan Stanley lifted its stake in shares of iShares U.S. Home Construction ETF by 143.0% in the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock worth $288,356,000 after acquiring an additional 2,162,171 shares in the last quarter. PFG Advisors lifted its stake in shares of iShares U.S. Home Construction ETF by 187.3% in the fourth quarter. PFG Advisors now owns 7,760 shares of the exchange traded fund’s stock worth $789,000 after acquiring an additional 5,059 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $890,000. Price Capital Management Inc. acquired a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $22,850,000. Finally, Synergy Asset Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth about $3,225,000.

iShares U.S. Home Construction ETF Stock Performance

BATS:ITB opened at $105.65 on Friday. iShares U.S. Home Construction ETF has a one year low of $31.19 and a one year high of $46.56. The business’s 50-day simple moving average is $108.34 and its 200 day simple moving average is $97.34. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 11.72 and a beta of 1.38.

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.