176,665 Shares in iShares U.S. Home Construction ETF $ITB Acquired by Equity Investment Corp

Equity Investment Corp acquired a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 176,665 shares of the exchange traded fund’s stock, valued at approximately $15,373,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. boosted its holdings in iShares U.S. Home Construction ETF by 353.7% in the second quarter. TD Waterhouse Canada Inc. now owns 245 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 191 shares during the last quarter. Next Level Wealth Planning LLC bought a new stake in iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $44,000. RMG Wealth Management LLC purchased a new stake in iShares U.S. Home Construction ETF during the 1st quarter valued at $65,000. Signature Equity Partners LLC raised its stake in iShares U.S. Home Construction ETF by 10,571.4% during the 1st quarter. Signature Equity Partners LLC now owns 747 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 740 shares during the last quarter. Finally, Provenance Wealth Advisors LLC raised its stake in iShares U.S. Home Construction ETF by 54.4% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,419 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 500 shares during the last quarter.

iShares U.S. Home Construction ETF Price Performance

BATS ITB opened at $96.19 on Wednesday. The business’s fifty day moving average price is $89.77 and its 200-day moving average price is $95.86. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 17.46 and a beta of 1.27. iShares U.S. Home Construction ETF has a 1-year low of $82.08 and a 1-year high of $115.26.

iShares U.S. Home Construction ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.2104 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from iShares U.S. Home Construction ETF’s previous quarterly dividend of $0.1592.

iShares U.S. Home Construction ETF Company 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.