Avion Wealth Buys 1,180 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Avion Wealth increased its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 802.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327 shares of the exchange traded fund’s stock after buying an additional 1,180 shares during the period. Avion Wealth’s holdings in iShares U.S. Home Construction ETF were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ITB. Valeo Financial Advisors LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 5.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock worth $293,000 after acquiring an additional 115 shares during the period. Ritholtz Wealth Management bought a new stake in shares of iShares U.S. Home Construction ETF during the third quarter valued at approximately $429,000. Creative Planning grew its stake in iShares U.S. Home Construction ETF by 1.2% in the third quarter. Creative Planning now owns 25,202 shares of the exchange traded fund’s stock worth $3,203,000 after purchasing an additional 289 shares during the period. PFG Advisors raised its holdings in iShares U.S. Home Construction ETF by 3.7% in the third quarter. PFG Advisors now owns 17,548 shares of the exchange traded fund’s stock worth $2,230,000 after purchasing an additional 622 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter valued at $201,000.

iShares U.S. Home Construction ETF Price Performance

BATS:ITB opened at $103.57 on Wednesday. The firm’s 50-day moving average price is $107.72 and its 200-day moving average price is $116.11. The company has a market capitalization of $2.63 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year 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.