TAP Consulting LLC Has $1.78 Million Stock Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

TAP Consulting LLC boosted its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 36.8% in the second quarter, Holdings Channel.com reports. The fund owned 17,657 shares of the exchange traded fund’s stock after buying an additional 4,747 shares during the quarter. TAP Consulting LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,784,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ITB. BNP Paribas Financial Markets grew its holdings in iShares U.S. Home Construction ETF by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,714,182 shares of the exchange traded fund’s stock worth $198,451,000 after acquiring an additional 621,078 shares during the period. Balyasny Asset Management L.P. acquired a new stake in iShares U.S. Home Construction ETF during the 4th quarter worth $61,246,000. Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth $157,000. Hollencrest Capital Management grew its holdings in iShares U.S. Home Construction ETF by 61,853.2% during the 1st quarter. Hollencrest Capital Management now owns 154,883 shares of the exchange traded fund’s stock worth $17,931,000 after acquiring an additional 154,633 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new stake in iShares U.S. Home Construction ETF during the 2nd quarter worth $15,159,000.

iShares U.S. Home Construction ETF Stock Performance

ITB traded up $0.58 during trading on Friday, reaching $117.36. 2,577,301 shares of the company’s stock were exchanged. The company’s fifty day moving average price is $113.02 and its 200-day moving average price is $109.02. 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 firm has a market capitalization of $2.98 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.