Axxcess Wealth Management LLC Acquires 9,488 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Axxcess Wealth Management LLC raised its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 356,213 shares of the exchange traded fund’s stock after purchasing an additional 9,488 shares during the quarter. iShares U.S. Home Construction ETF accounts for approximately 0.9% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Axxcess Wealth Management LLC owned approximately 1.40% of iShares U.S. Home Construction ETF worth $36,829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ITB. BNP Paribas Financial Markets raised its holdings in shares of iShares U.S. Home Construction ETF by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock valued at $109,481,000 after acquiring an additional 173,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of iShares U.S. Home Construction ETF in the third quarter valued at about $63,042,000. Capital Asset Advisory Services LLC raised its holdings in shares of iShares U.S. Home Construction ETF by 2.8% in the fourth quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after acquiring an additional 9,934 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at about $24,537,000. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Home Construction ETF in the fourth quarter valued at about $23,351,000.

iShares U.S. Home Construction ETF Price Performance

ITB stock opened at $96.01 on Tuesday. The business has a 50-day moving average price of $102.82 and a 200 day moving average price of $113.21. The company has a market capitalization of $2.40 billion, a P/E ratio of 11.19 and a beta of 1.61. iShares U.S. Home Construction ETF has a 1-year low of $93.45 and a 1-year 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.