8,600 Shares in iShares U.S. Home Construction ETF (BATS:ITB) Acquired by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 8,600 shares of the exchange traded fund’s stock, valued at approximately $889,000. iShares U.S. Home Construction ETF accounts for approximately 0.9% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in iShares U.S. Home Construction ETF by 25.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after acquiring an additional 173,654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $63,042,000. Capital Asset Advisory Services LLC boosted its position in shares of iShares U.S. Home Construction ETF by 2.8% during the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after acquiring an additional 9,934 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at $24,537,000. Finally, Raymond James Financial Inc. bought a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth $23,351,000.

iShares U.S. Home Construction ETF Stock Down 7.4 %

iShares U.S. Home Construction ETF stock opened at $97.53 on Wednesday. iShares U.S. Home Construction ETF has a 52-week low of $95.35 and a 52-week high of $129.89. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 11.84 and a beta of 1.57. The firm’s fifty day moving average is $103.54 and its 200 day moving average is $114.10.

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.