Niemann Capital Management Inc. Takes $17.84 Million Position in iShares U.S. Home Construction ETF (BATS:ITB)

Niemann Capital Management Inc. purchased a new stake in iShares U.S. Home Construction ETF (BATS:ITB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 411,800 shares of the exchange traded fund’s stock, valued at approximately $17,835,000. iShares U.S. Home Construction ETF accounts for 12.9% of Niemann Capital Management Inc.’s holdings, making the stock its 4th largest position.

Other hedge funds have also recently made changes to their positions in the company. Gradient Investments LLC acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $34,000. TRUE Private Wealth Advisors acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $34,000. AdvisorNet Financial Inc boosted its stake in iShares U.S. Home Construction ETF by 203.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,350 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 905 shares during the period. Cullen Frost Bankers Inc. boosted its stake in iShares U.S. Home Construction ETF by 110.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,100 shares of the exchange traded fund’s stock worth $91,000 after purchasing an additional 1,100 shares during the period. Finally, Aveo Capital Partners LLC acquired a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth $202,000.

BATS ITB traded up $0.22 on Friday, reaching $43.91. The company had a trading volume of 1,751,204 shares. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56. The company’s fifty day moving average is $43.91 and its 200-day moving average is $40.18.

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.

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Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB).

Institutional Ownership by Quarter for iShares U.S. Home Construction ETF (BATS:ITB)

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