Oppenheimer & Co. Inc. Buys 18,671 Shares of iShares U.S. Home Construction ETF $ITB

Oppenheimer & Co. Inc. raised its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 262.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,788 shares of the exchange traded fund’s stock after buying an additional 18,671 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Home Construction ETF were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC raised its stake in shares of iShares U.S. Home Construction ETF by 675.0% during the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 270 shares in the last quarter. Darwin Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF in the second quarter worth approximately $29,000. Private Wealth Asset Management LLC purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth $36,000. Grey Fox Wealth Advisors LLC purchased a new position in iShares U.S. Home Construction ETF during the 3rd quarter worth $48,000. Finally, Chung Wu Investment Group LLC bought a new stake in iShares U.S. Home Construction ETF during the 3rd quarter valued at $54,000.

iShares U.S. Home Construction ETF Trading Down 0.4%

Shares of ITB stock opened at $112.40 on Friday. iShares U.S. Home Construction ETF has a twelve month low of $82.71 and a twelve month high of $118.00. The stock has a fifty day simple moving average of $103.17 and a two-hundred day simple moving average of $104.34. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

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