iShares U.S. Home Construction ETF (BATS:ITB) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 219.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,896 shares of the exchange traded fund’s stock after buying an additional 8,169 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $1,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in iShares U.S. Home Construction ETF in the third quarter valued at approximately $37,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $160,000. Park Avenue Securities LLC boosted its holdings in iShares U.S. Home Construction ETF by 27.8% in the fourth quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 980 shares in the last quarter. Sigma Planning Corp boosted its holdings in iShares U.S. Home Construction ETF by 49.0% in the third quarter. Sigma Planning Corp now owns 9,475 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 3,117 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the third quarter valued at approximately $210,000.

iShares U.S. Home Construction ETF Stock Down 6.7 %

Shares of ITB opened at $98.25 on Friday. The stock has a 50 day moving average price of $105.18 and a 200 day moving average price of $115.25. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 52-week low of $31.19 and a 52-week high of $46.56.

iShares U.S. Home Construction ETF 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.