Independent Solutions Wealth Management LLC Invests $272,000 in iShares U.S. Home Construction ETF (BATS:ITB)

Independent Solutions Wealth Management LLC acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,628 shares of the exchange traded fund’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Home Construction ETF during the 4th quarter valued at about $160,000. Park Avenue Securities LLC raised its stake in iShares U.S. Home Construction ETF by 27.8% in the fourth quarter. Park Avenue Securities LLC now owns 4,507 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 980 shares in the last quarter. Empowered Funds LLC bought a new stake in iShares U.S. Home Construction ETF during the fourth quarter valued at approximately $489,000. US Bancorp DE grew its stake in iShares U.S. Home Construction ETF by 49.0% in the 4th quarter. US Bancorp DE now owns 6,431 shares of the exchange traded fund’s stock worth $665,000 after buying an additional 2,114 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 72,136 shares of the exchange traded fund’s stock worth $9,173,000 after buying an additional 21,803 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

iShares U.S. Home Construction ETF stock opened at $96.46 on Friday. iShares U.S. Home Construction ETF has a fifty-two week low of $93.45 and a fifty-two week high of $129.89. The firm’s fifty day moving average price is $102.43 and its 200-day moving average price is $112.80. The stock has a market cap of $2.41 billion, a P/E ratio of 11.19 and a beta of 1.61.

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.