Kingsview Wealth Management LLC Purchases 59,023 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Kingsview Wealth Management LLC increased its position in iShares U.S. Home Construction ETF (BATS:ITB) by 1,096.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,406 shares of the exchange traded fund’s stock after buying an additional 59,023 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares U.S. Home Construction ETF were worth $8,186,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $37,000. Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $40,000. Opal Wealth Advisors LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at about $138,000. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at about $138,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter valued at about $157,000.

iShares U.S. Home Construction ETF Stock Up 1.6 %

ITB opened at $120.31 on Friday. The firm has a 50-day simple moving average of $122.63 and a two-hundred day simple moving average of $114.36. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The company has a market capitalization of $3.06 billion, a PE ratio of 11.56 and a beta of 1.41.

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.