Pinnacle Associates Ltd. Has $1.81 Million Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Pinnacle Associates Ltd. lowered its position in iShares U.S. Home Construction ETF (BATS:ITB) by 7.8% during the third quarter, Holdings Channel reports. The firm owned 14,240 shares of the exchange traded fund’s stock after selling 1,200 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares U.S. Home Construction ETF were worth $1,810,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ITB. Valeo Financial Advisors LLC raised its stake 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 buying an additional 115 shares during the last quarter. Blair William & Co. IL raised its position in shares of iShares U.S. Home Construction ETF by 4.5% in the 1st quarter. Blair William & Co. IL now owns 3,065 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 131 shares in the last quarter. Ciovacco Capital Management LLC lifted its stake in shares of iShares U.S. Home Construction ETF by 0.7% in the 1st quarter. Ciovacco Capital Management LLC now owns 21,904 shares of the exchange traded fund’s stock valued at $2,536,000 after purchasing an additional 149 shares during the period. Great Diamond Partners LLC boosted its position in shares of iShares U.S. Home Construction ETF by 1.0% during the 3rd 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 in the last quarter. Finally, Muirfield Wealth Advisors LLC grew its stake in iShares U.S. Home Construction ETF by 2.5% during the second quarter. Muirfield Wealth Advisors LLC now owns 8,902 shares of the exchange traded fund’s stock worth $900,000 after purchasing an additional 221 shares during the period.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $117.19 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The stock has a 50 day simple moving average of $122.89 and a two-hundred day simple moving average of $112.80.

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.