BNP Paribas Financial Markets Has $86.04 Million Position in iShares U.S. Home Construction ETF $ITB

BNP Paribas Financial Markets lowered its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 49.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 893,414 shares of the exchange traded fund’s stock after selling 872,683 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares U.S. Home Construction ETF were worth $86,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ITB. Empowered Funds LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 168.8% in the first quarter. Empowered Funds LLC now owns 12,719 shares of the exchange traded fund’s stock valued at $1,211,000 after purchasing an additional 7,987 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 125.0% in the second quarter. Cerity Partners LLC now owns 5,556 shares of the exchange traded fund’s stock valued at $518,000 after purchasing an additional 3,087 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $29,000. Jupiter Wealth Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $932,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Home Construction ETF by 83.9% in the second quarter. Ameriprise Financial Inc. now owns 137,643 shares of the exchange traded fund’s stock valued at $12,829,000 after purchasing an additional 62,785 shares in the last quarter.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $93.02 on Tuesday. The company has a fifty day moving average price of $92.85 and a two-hundred day moving average price of $99.07. iShares U.S. Home Construction ETF has a 52 week low of $84.98 and a 52 week high of $118.00. The firm has a market capitalization of $2.14 billion, a PE 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.