EP Wealth Advisors LLC Lowers Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

EP Wealth Advisors LLC cut its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 21.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,530 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. EP Wealth Advisors LLC’s holdings in iShares U.S. Home Construction ETF were worth $322,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ITB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $63,042,000. BNP Paribas Financial Markets boosted its position in iShares U.S. Home Construction ETF by 25.3% during the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after purchasing an additional 173,654 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Home Construction ETF in the second quarter valued at approximately $157,000. Mirae Asset Securities USA Inc. acquired a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth approximately $15,159,000. Finally, Marks Wealth LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at approximately $11,211,000.

iShares U.S. Home Construction ETF Stock Performance

iShares U.S. Home Construction ETF stock opened at $113.06 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 11.56 and a beta of 1.41. The company’s fifty day moving average price is $120.99 and its 200 day moving average price is $115.74. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56.

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.