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

Assetmark Inc. reduced its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,654 shares of the exchange traded fund’s stock after selling 495 shares during the period. Assetmark Inc.’s holdings in iShares U.S. Home Construction ETF were worth $592,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $37,000. Frank Rimerman Advisors LLC purchased a new position in iShares U.S. Home Construction ETF in the 3rd quarter worth approximately $210,000. PFG Advisors lifted its holdings in iShares U.S. Home Construction ETF by 8.9% in the 2nd quarter. PFG Advisors now owns 16,926 shares of the exchange traded fund’s stock worth $1,711,000 after purchasing an additional 1,384 shares in the last quarter. Toronto Dominion Bank purchased a new position in iShares U.S. Home Construction ETF in the 2nd quarter worth approximately $3,538,000. Finally, Brookstone Capital Management lifted its holdings in iShares U.S. Home Construction ETF by 516.4% in the 3rd quarter. Brookstone Capital Management now owns 13,062 shares of the exchange traded fund’s stock worth $1,660,000 after purchasing an additional 10,943 shares in the last quarter.

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

BATS ITB opened at $117.72 on Friday. The stock’s 50 day moving average is $122.77 and its 200 day moving average is $113.93. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56. The stock has a market cap of $2.99 billion, a PE ratio of 11.56 and a beta of 1.41.

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.