Night Squared LP Boosts Holdings in iShares U.S. Home Construction ETF $ITB

Night Squared LP boosted its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 36.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 59,130 shares of the exchange traded fund’s stock after purchasing an additional 15,796 shares during the period. iShares U.S. Home Construction ETF makes up 2.3% of Night Squared LP’s portfolio, making the stock its 17th largest position. Night Squared LP’s holdings in iShares U.S. Home Construction ETF were worth $6,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITB. Regal Investment Advisors LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $512,000. Tocqueville Asset Management L.P. purchased a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth approximately $6,206,000. Quantitative Investment Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $610,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $107,000. Finally, BNP Paribas Financial Markets lifted its stake in iShares U.S. Home Construction ETF by 509.4% in the third quarter. BNP Paribas Financial Markets now owns 1,766,097 shares of the exchange traded fund’s stock valued at $189,414,000 after purchasing an additional 1,476,291 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Up 0.5%

Shares of BATS ITB opened at $93.08 on Friday. The stock has a fifty day simple moving average of $105.48 and a two-hundred day simple moving average of $104.25. iShares U.S. Home Construction ETF has a 1-year low of $82.71 and a 1-year high of $118.00. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

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.