Passaic Partners LLC Invests $9.94 Million in iShares U.S. Home Construction ETF $ITB

Passaic Partners LLC acquired a new position in iShares U.S. Home Construction ETF (BATS:ITB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 103,176 shares of the exchange traded fund’s stock, valued at approximately $9,936,000. iShares U.S. Home Construction ETF accounts for 1.0% of Passaic Partners LLC’s investment portfolio, making the stock its 14th largest position. Passaic Partners LLC owned about 0.45% of iShares U.S. Home Construction ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ITB. Empowered Funds LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 168.8% in the 1st quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock worth $1,211,000 after purchasing an additional 7,987 shares during the period. Cerity Partners LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 125.0% in the 2nd quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock worth $518,000 after purchasing an additional 3,087 shares during the period. Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $29,000. Jupiter Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $932,000. Finally, Ameriprise Financial Inc. raised its stake in iShares U.S. Home Construction ETF by 83.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock worth $12,829,000 after acquiring an additional 62,785 shares during the period.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS:ITB opened at $96.27 on Wednesday. iShares U.S. Home Construction ETF has a 1-year low of $84.98 and a 1-year high of $118.00. The company has a market capitalization of $2.21 billion, a P/E ratio of 10.18 and a beta of 1.31. The firm’s 50 day simple moving average is $93.22 and its two-hundred day simple moving average is $98.97.

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.