Raymond James Financial Services Advisors Inc. Has $3.33 Million Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

Raymond James Financial Services Advisors Inc. trimmed its position in iShares U.S. Home Construction ETF (BATS:ITB – Get Rating) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,939 shares of the exchange traded fund’s stock after selling 6,276 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in iShares U.S. Home Construction ETF were worth $3,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITB. Advisors Preferred LLC acquired a new stake in iShares U.S. Home Construction ETF in the third quarter worth about $35,000. Almanack Investment Partners LLC. acquired a new stake in iShares U.S. Home Construction ETF in the third quarter worth about $57,000. Armstrong Advisory Group Inc. acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth about $61,000. Concourse Financial Group Securities Inc. acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth about $63,000. Finally, Y.D. More Investments Ltd acquired a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth about $73,000.

iShares U.S. Home Construction ETF Trading Down 1.8 %

Shares of ITB opened at $76.27 on Monday. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The stock has a market cap of $1.77 billion, a P/E ratio of 7.49 and a beta of 1.36. The stock’s 50-day moving average price is $71.76 and its two-hundred day moving average price is $66.60.

About iShares U.S. Home Construction ETF

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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.