WESPAC Advisors SoCal LLC Grows Stake in iShares U.S. Home Construction ETF (BATS:ITB)

WESPAC Advisors SoCal LLC grew its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 39.1% during the third quarter, HoldingsChannel reports. The firm owned 65,099 shares of the exchange traded fund’s stock after buying an additional 18,301 shares during the period. iShares U.S. Home Construction ETF accounts for 1.9% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 22nd largest position. WESPAC Advisors SoCal LLC’s holdings in iShares U.S. Home Construction ETF were worth $8,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the 3rd quarter valued at about $37,000. Opal Wealth Advisors LLC acquired a new stake in iShares U.S. Home Construction ETF in the second quarter valued at approximately $138,000. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the second quarter valued at approximately $138,000. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth $191,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of iShares U.S. Home Construction ETF during the third quarter worth $201,000.

iShares U.S. Home Construction ETF Trading Down 1.0 %

ITB opened at $117.72 on Friday. iShares U.S. Home Construction ETF has a twelve month low of $31.19 and a twelve month high of $46.56. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 11.56 and a beta of 1.41. The company has a fifty day simple moving average of $122.77 and a 200 day simple moving average of $114.00.

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.