PNC Financial Services Group Inc. Buys 220 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

PNC Financial Services Group Inc. raised its stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) by 7.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,023 shares of the exchange traded fund’s stock after purchasing an additional 220 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Home Construction ETF were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ITB. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of iShares U.S. Home Construction ETF in the 3rd quarter worth $63,042,000. Empirical Asset Management LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $24,537,000. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $23,351,000. BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Home Construction ETF by 25.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 861,373 shares of the exchange traded fund’s stock worth $109,481,000 after purchasing an additional 173,654 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth $160,000.

iShares U.S. Home Construction ETF Price Performance

iShares U.S. Home Construction ETF stock opened at $94.86 on Friday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 11.19 and a beta of 1.61. iShares U.S. Home Construction ETF has a 1-year low of $93.39 and a 1-year high of $129.89. The business has a fifty day moving average price of $102.27 and a 200-day moving average price of $112.62.

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.