Citigroup Inc. Decreases Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Citigroup Inc. cut its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 85.2% in the first quarter, Holdings Channel reports. The institutional investor owned 147,082 shares of the exchange traded fund’s stock after selling 845,454 shares during the period. Citigroup Inc.’s holdings in iShares U.S. Home Construction ETF were worth $14,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF in the first quarter valued at $29,000. Farther Finance Advisors LLC raised its position in iShares U.S. Home Construction ETF by 94.5% in the 1st quarter. Farther Finance Advisors LLC now owns 317 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 154 shares during the period. BOKF NA raised its position in iShares U.S. Home Construction ETF by 97.6% in the 4th quarter. BOKF NA now owns 405 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC lifted its stake in iShares U.S. Home Construction ETF by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 540 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 272 shares during the last quarter. Finally, CX Institutional purchased a new position in shares of iShares U.S. Home Construction ETF during the first quarter valued at approximately $64,000.

iShares U.S. Home Construction ETF Stock Performance

ITB opened at $109.63 on Friday. The stock’s 50 day moving average price is $96.96 and its 200-day moving average price is $96.06. iShares U.S. Home Construction ETF has a one year low of $82.71 and a one year high of $129.89. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 10.18 and a beta of 1.31.

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.