iShares U.S. Home Construction ETF $ITB Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 68.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,196 shares of the exchange traded fund’s stock after selling 17,592 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Home Construction ETF were worth $789,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $25,000. Aventura Private Wealth LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the fourth quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the second quarter worth $29,000. Capital Investment Advisory Services LLC grew its stake in shares of iShares U.S. Home Construction ETF by 675.0% in the third quarter. Capital Investment Advisory Services LLC now owns 310 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 270 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth $36,000.

iShares U.S. Home Construction ETF Stock Down 2.5%

BATS:ITB opened at $92.93 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31. The company has a fifty day simple moving average of $95.59 and a two-hundred day simple moving average of $100.35. iShares U.S. Home Construction ETF has a 52 week low of $87.02 and a 52 week high of $118.00.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.