iShares U.S. Home Construction ETF (BATS:ITB) Shares Sold by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. lowered its position in iShares U.S. Home Construction ETF (BATS:ITB) by 25.3% during the third quarter, Holdings Channel.com reports. The fund owned 85,554 shares of the exchange traded fund’s stock after selling 29,033 shares during the quarter. iShares U.S. Home Construction ETF accounts for 3.0% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 7th largest holding. Riggs Asset Managment Co. Inc.’s holdings in iShares U.S. Home Construction ETF were worth $10,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its position in shares of iShares U.S. Home Construction ETF by 5.3% in the third 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 in the last quarter. Blair William & Co. IL raised its position in iShares U.S. Home Construction ETF by 4.5% in the first quarter. Blair William & Co. IL now owns 3,065 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 131 shares during the period. Ciovacco Capital Management LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 0.7% during the first quarter. Ciovacco Capital Management LLC now owns 21,904 shares of the exchange traded fund’s stock worth $2,536,000 after purchasing an additional 149 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares U.S. Home Construction ETF by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,759 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 164 shares during the period. Finally, Great Diamond Partners LLC boosted its position in shares of iShares U.S. Home Construction ETF by 1.0% in the first quarter. Great Diamond Partners LLC now owns 17,416 shares of the exchange traded fund’s stock worth $2,016,000 after buying an additional 178 shares during the period.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB traded down $1.83 during mid-day trading on Friday, hitting $119.80. 1,078,922 shares of the company traded hands. The firm’s 50 day simple moving average is $122.79 and its 200 day simple moving average is $112.53. The firm has a market cap of $3.04 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 52-week low of $31.19 and a 52-week 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.