Cedar Brook Financial Partners LLC Grows Position in iShares U.S. Home Construction ETF (BATS:ITB)

Cedar Brook Financial Partners LLC lifted its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,085 shares of the exchange traded fund’s stock after buying an additional 355 shares during the period. Cedar Brook Financial Partners LLC’s holdings in iShares U.S. Home Construction ETF were worth $349,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in iShares U.S. Home Construction ETF in the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at about $25,000. Thompson Investment Management Inc. bought a new position in iShares U.S. Home Construction ETF in the first quarter valued at about $35,000. CoreCap Advisors LLC bought a new position in iShares U.S. Home Construction ETF in the fourth quarter valued at about $41,000. Finally, Sunbelt Securities Inc. bought a new position in iShares U.S. Home Construction ETF in the first quarter valued at about $63,000.

iShares U.S. Home Construction ETF Stock Performance

ITB stock opened at $83.76 on Friday. iShares U.S. Home Construction ETF has a fifty-two week low of $31.19 and a fifty-two week high of $46.56. The business’s 50-day moving average is $86.21 and its two-hundred day moving average is $78.30. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 7.49 and a beta of 1.36.

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.