Kingsman Wealth Management Inc. Takes Position in iShares U.S. Home Construction ETF $ITB

Kingsman Wealth Management Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, Holdings Channel reports. The firm purchased 10,463 shares of the exchange traded fund’s stock, valued at approximately $1,122,000. iShares U.S. Home Construction ETF comprises about 0.6% of Kingsman Wealth Management Inc.’s portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of ITB. Mirabaud & Cie SA bought a new position in iShares U.S. Home Construction ETF in the 3rd quarter valued at $804,000. CWM LLC boosted its holdings in shares of iShares U.S. Home Construction ETF by 49.8% in the 3rd quarter. CWM LLC now owns 936 shares of the exchange traded fund’s stock worth $100,000 after buying an additional 311 shares during the last quarter. FLP Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth about $196,000. Private Trust Co. NA bought a new position in iShares U.S. Home Construction ETF during the third quarter valued at about $54,000. Finally, Summit Financial Consulting LLC purchased a new stake in iShares U.S. Home Construction ETF during the third quarter worth about $314,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $97.26 on Wednesday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52 week low of $82.71 and a 52 week high of $129.89. The firm’s 50-day simple moving average is $100.08 and its two-hundred day simple moving average is $102.21.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.