Advisors Capital Management LLC raised its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,252 shares of the exchange traded fund’s stock after purchasing an additional 341 shares during the quarter. Advisors Capital Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $560,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC acquired a new stake in shares of iShares U.S. Home Construction ETF during the first quarter worth $32,000. Freedman Financial Associates Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $37,000. Arkadios Wealth Advisors boosted its holdings in shares of iShares U.S. Home Construction ETF by 1,000.0% in the first quarter. Arkadios Wealth Advisors now owns 660 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 600 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of iShares U.S. Home Construction ETF by 234.1% during the first quarter. Fifth Third Bancorp now owns 685 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 480 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in iShares U.S. Home Construction ETF by 34.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 934 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 240 shares in the last quarter.
BATS ITB opened at $67.62 on Wednesday. The stock’s 50 day simple moving average is $71.56. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56.
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.
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