Terra Nova Asset Management LLC Has $633,000 Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Terra Nova Asset Management LLC trimmed its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 63.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,120 shares of the exchange traded fund’s stock after selling 10,574 shares during the period. Terra Nova Asset Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can raised its stake in iShares U.S. Home Construction ETF by 5.9% during the second quarter. Bank of Montreal Can now owns 6,987 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 390 shares in the last quarter. Toronto Dominion Bank bought a new stake in iShares U.S. Home Construction ETF in the second quarter worth approximately $3,538,000. Prairie Wealth Advisors Inc. raised its stake in iShares U.S. Home Construction ETF by 9.5% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 6,319 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 548 shares during the period. Creative Planning grew its holdings in shares of iShares U.S. Home Construction ETF by 6.0% during the second quarter. Creative Planning now owns 24,913 shares of the exchange traded fund’s stock valued at $2,518,000 after buying an additional 1,416 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in iShares U.S. Home Construction ETF by 4.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,820 shares of the exchange traded fund’s stock worth $2,104,000 after acquiring an additional 804 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Up 3.8 %

Shares of ITB stock opened at $109.32 on Monday. iShares U.S. Home Construction ETF has a 12-month low of $31.19 and a 12-month high of $46.56. The company has a 50 day moving average of $112.32 and a 200-day moving average of $116.31. The firm has a market cap of $2.78 billion, a P/E ratio of 11.56 and a beta of 1.41.

iShares U.S. Home Construction ETF Company Profile

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.