Janney Montgomery Scott LLC Sells 753 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Janney Montgomery Scott LLC cut its holdings in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,313 shares of the exchange traded fund’s stock after selling 753 shares during the period. Janney Montgomery Scott LLC owned approximately 0.13% of iShares U.S. Home Construction ETF worth $4,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ITB. Blue Trust Inc. bought a new position in shares of iShares U.S. Home Construction ETF in the third quarter worth about $37,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares U.S. Home Construction ETF during the 2nd quarter worth about $138,000. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the second quarter valued at $138,000. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Home Construction ETF during the 2nd quarter worth $157,000. Finally, Trust Co. of Vermont bought a new position in iShares U.S. Home Construction ETF in the third quarter worth approximately $191,000.

iShares U.S. Home Construction ETF Stock Performance

BATS:ITB opened at $121.09 on Friday. The company’s 50-day simple moving average is $122.69 and its 200-day simple moving average is $113.52. 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 stock has a market capitalization of $3.08 billion, a P/E ratio of 11.56 and a beta of 1.41.

iShares U.S. Home Construction ETF Company 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.