Brown Brothers Harriman & Co. Decreases Position in iShares U.S. Home Construction ETF (BATS:ITB)

Brown Brothers Harriman & Co. decreased its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 44.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares U.S. Home Construction ETF were worth $127,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ITB. Larson Financial Group LLC lifted its position in iShares U.S. Home Construction ETF by 3,425.0% in the third quarter. Larson Financial Group LLC now owns 282 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 274 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth about $37,000. Darwin Wealth Management LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 3rd quarter worth about $40,000. Opal Wealth Advisors LLC bought a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at about $138,000. Finally, International Assets Investment Management LLC bought a new position in iShares U.S. Home Construction ETF during the 2nd quarter valued at about $138,000.

iShares U.S. Home Construction ETF Price Performance

Shares of BATS ITB opened at $123.78 on Friday. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The firm has a 50-day simple moving average of $122.59 and a two-hundred day simple moving average of $114.76. The company has a market cap of $3.14 billion, a P/E 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.