Meridian Wealth Management LLC Acquires Shares of 16,008 iShares U.S. Home Construction ETF (BATS:ITB)

Meridian Wealth Management LLC acquired a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, Holdings Channel reports. The fund acquired 16,008 shares of the exchange traded fund’s stock, valued at approximately $2,035,000.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter valued at about $37,000. Darwin Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $40,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $138,000. International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $138,000. Finally, Trust Co. of Vermont bought a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $191,000.

iShares U.S. Home Construction ETF Trading Up 1.6 %

Shares of iShares U.S. Home Construction ETF stock opened at $120.32 on Friday. The company has a 50 day moving average of $122.70 and a 200-day moving average of $114.28. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56. The company has a market cap of $3.06 billion, a PE ratio of 11.56 and a beta of 1.41.

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.