DAVENPORT & Co LLC Reduces Equity Position in iShares US Home Construction ETF (BATS:ITB)


DAVENPORT & Co LLC reduced its holdings of iShares US Home Construction ETF (BATS: ITB – Get Rating) stock by 51.5% in the first quarter, according to its latest SEC filing. The fund held 5,849 shares of the exchange-traded fund after selling 6,204 shares during the period. DAVENPORT & Co LLC’s holdings in iShares US Home Construction ETF were worth $347,000 at the end of last quarter.

A number of other large investors also changed their holdings of ITB. Bank of America Corp DE increased its stake in iShares US Home Construction ETF shares by 46.4% during the fourth quarter. Bank of America Corp DE now owns 4,515,832 shares of the exchange-traded fund worth $374,452,000 after acquiring an additional 1,430,309 shares in the last quarter. LPL Financial LLC increased its stake in iShares US Home Construction ETF shares by 144.1% during the fourth quarter. LPL Financial LLC now owns 798,050 shares of the exchange-traded fund worth $66,174,000 after acquiring an additional 471,078 shares in the last quarter. Scopus Asset Management LP purchased a new stake in shares of iShares US Home Construction ETF during the fourth quarter for a value of approximately $33,168,000. Phoenix Holdings Ltd. increased its stake in iShares US Home Construction ETF shares by 12.9% during the fourth quarter. Phoenix Holdings Ltd. now owns 2,517,683 shares of the exchange-traded fund worth $208,766,000 after acquiring an additional 287,807 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in iShares US Home Construction ETF shares by 52.7% during the fourth quarter. Stifel Financial Corp now owns 271,202 shares of the exchange-traded fund worth $22,490,000 after acquiring an additional 93,642 shares in the last quarter.

iShares US Home Construction ETF Share Performance

ITB shares opened at $58.83 on Wednesday. iShares US Home Construction ETF has a fifty-two-week low of $31.19 and a fifty-two-week high of $46.56. The stock’s 50-day simple moving average is $56.35 and its 200-day simple moving average is $61.59.

iShares US Home Construction ETF Company Profile

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iShares US Home Construction ETF, formerly iShares Dow Jones US Home Construction Index Fund, seeks investment results that generally correspond to the price and yield performance of the Dow Jones US Select Home Construction Index (the Index). The index measures the performance of the home construction sector in the US stock market and includes companies that are builders of residential homes, including manufacturers of mobile and manufactured homes.

Further reading

Want to see what other hedge funds hold ITB? Visit HoldingsChannel.com for the latest 13F filings and insider trading for iShares US Home Construction ETF (BATS: ITB – Get Rating).

Institutional ownership by quarter for iShares US Home Construction ETF (BATS:ITB)



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