Patriot Financial Group Insurance Agency LLC Cuts Position in iShares U.S. Home Construction ETF (BATS:ITB)

Patriot Financial Group Insurance Agency LLC lowered its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 14.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,211 shares of the exchange traded fund’s stock after selling 525 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in iShares U.S. Home Construction ETF were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ITB. Stonebridge Financial Planning Group LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 0.7% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 14,350 shares of the exchange traded fund’s stock worth $1,824,000 after acquiring an additional 96 shares during the period. Valeo Financial Advisors LLC boosted its position in iShares U.S. Home Construction ETF by 5.3% during the third quarter. Valeo Financial Advisors LLC now owns 2,302 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 115 shares in the last quarter. Great Diamond Partners LLC grew its holdings in iShares U.S. Home Construction ETF by 1.0% in the third quarter. Great Diamond Partners LLC now owns 17,003 shares of the exchange traded fund’s stock valued at $2,161,000 after purchasing an additional 169 shares during the last quarter. FMR LLC increased its position in shares of iShares U.S. Home Construction ETF by 1.4% in the third quarter. FMR LLC now owns 12,796 shares of the exchange traded fund’s stock valued at $1,626,000 after buying an additional 182 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of iShares U.S. Home Construction ETF by 5.3% during the 4th quarter. AdvisorNet Financial Inc now owns 4,001 shares of the exchange traded fund’s stock worth $414,000 after buying an additional 203 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Up 2.0 %

iShares U.S. Home Construction ETF stock opened at $107.46 on Thursday. The firm’s 50-day simple moving average is $110.89 and its 200 day simple moving average is $116.67. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.56 and a beta of 1.41.

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.