Synergy Asset Management LLC Purchases New Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Synergy Asset Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,086 shares of the exchange traded fund’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITB. Ibex Wealth Advisors acquired a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter worth about $1,361,000. Capital Asset Advisory Services LLC raised its holdings in iShares U.S. Home Construction ETF by 2.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 367,387 shares of the exchange traded fund’s stock valued at $37,955,000 after acquiring an additional 9,934 shares during the period. Cathy Pareto & Associates Inc. acquired a new stake in iShares U.S. Home Construction ETF during the fourth quarter worth approximately $468,000. Juncture Wealth Strategies LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth approximately $445,000. Finally, Cottonwood Capital Advisors LLC grew its position in shares of iShares U.S. Home Construction ETF by 3.5% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 51,265 shares of the exchange traded fund’s stock valued at $5,300,000 after purchasing an additional 1,755 shares during the last quarter.

iShares U.S. Home Construction ETF Trading Up 4.4 %

Shares of BATS ITB opened at $109.99 on Friday. The firm has a market cap of $2.79 billion, a P/E ratio of 11.56 and a beta of 1.41. The business’s 50 day moving average is $110.71 and its 200-day moving average is $116.62. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56.

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.