Phoenix Financial Ltd. Acquires New Stake in iShares U.S. Home Construction ETF $ITB

Phoenix Financial Ltd. bought a new position in iShares U.S. Home Construction ETF (BATS:ITB) in the third quarter, Holdings Channel.com reports. The fund bought 223,980 shares of the exchange traded fund’s stock, valued at approximately $24,022,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ITB. Qube Research & Technologies Ltd increased its position in shares of iShares U.S. Home Construction ETF by 1,143.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 588,556 shares of the exchange traded fund’s stock valued at $54,836,000 after purchasing an additional 541,206 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in iShares U.S. Home Construction ETF during the third quarter valued at about $56,843,000. Main Management ETF Advisors LLC acquired a new position in iShares U.S. Home Construction ETF during the second quarter worth about $36,316,000. Simplex Trading LLC bought a new stake in iShares U.S. Home Construction ETF in the second quarter worth about $12,551,000. Finally, Main Management LLC raised its position in iShares U.S. Home Construction ETF by 1,603.3% in the second quarter. Main Management LLC now owns 114,379 shares of the exchange traded fund’s stock worth $10,657,000 after acquiring an additional 107,664 shares in the last quarter.

iShares U.S. Home Construction ETF Trading Down 0.7%

BATS:ITB opened at $104.60 on Tuesday. The company has a 50-day moving average of $101.51 and a 200-day moving average of $103.59. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a twelve month low of $82.71 and a twelve month high of $129.89.

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.