Buttonwood Financial Group LLC bought a new position in shares of iShares U.S. Home Construction ETF (BATS:ITB – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,646 shares of the exchange traded fund’s stock, valued at approximately $903,000. iShares U.S. Home Construction ETF accounts for 0.5% of Buttonwood Financial Group LLC’s holdings, making the stock its 19th biggest holding.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of iShares U.S. Home Construction ETF by 20.5% during the 1st quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after acquiring an additional 1,182,332 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in iShares U.S. Home Construction ETF by 102.9% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,704,500 shares of the exchange traded fund’s stock worth $164,143,000 after purchasing an additional 864,500 shares in the last quarter. MKP Capital Management L.L.C. purchased a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth $37,538,000. Raymond James Financial Inc. grew its holdings in iShares U.S. Home Construction ETF by 329.7% in the third quarter. Raymond James Financial Inc. now owns 440,063 shares of the exchange traded fund’s stock valued at $47,197,000 after purchasing an additional 337,660 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at $28,890,000.
iShares U.S. Home Construction ETF Stock Up 0.5%
iShares U.S. Home Construction ETF stock opened at $92.82 on Thursday. The firm has a market capitalization of $2.13 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $118.00. The firm’s 50-day simple moving average is $98.27 and its 200 day simple moving average is $96.93.
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. 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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