Tortoise Investment Management LLC Purchases New Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Tortoise Investment Management LLC bought a new position in shares of iShares U.S. Home Construction ETF (BATS:ITBFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 335 shares of the exchange traded fund’s stock, valued at approximately $34,000.

Several other institutional investors have also recently bought and sold shares of ITB. Anchor Investment Management LLC acquired a new position in iShares U.S. Home Construction ETF during the fourth quarter worth about $43,000. VitalStone Financial LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $45,000. Vestor Capital LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $55,000. Avior Wealth Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $135,000. Finally, Planned Solutions Inc. bought a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $146,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of BATS:ITB traded down $1.13 during midday trading on Friday, hitting $103.93. 2,234,458 shares of the stock were exchanged. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The business’s 50-day moving average price is $105.73 and its 200 day moving average price is $104.09. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56.

About iShares U.S. Home Construction ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares U.S. Home Construction ETF (BATS:ITB)

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