Eldridge Investment Advisors Inc. Has $5.85 Million Stock Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Eldridge Investment Advisors Inc. trimmed its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,513 shares of the exchange traded fund’s stock after selling 12,471 shares during the quarter. iShares U.S. Home Construction ETF comprises about 1.5% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 17th biggest position. Eldridge Investment Advisors Inc. owned 0.21% of iShares U.S. Home Construction ETF worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in iShares U.S. Home Construction ETF during the fourth quarter worth about $43,000. Hexagon Capital Partners LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter worth about $81,000. Simplex Trading LLC purchased a new position in iShares U.S. Home Construction ETF during the third quarter worth about $91,000. Avior Wealth Management LLC bought a new stake in iShares U.S. Home Construction ETF in the fourth quarter worth about $135,000. Finally, NBC Securities Inc. bought a new stake in iShares U.S. Home Construction ETF in the third quarter worth about $138,000.

iShares U.S. Home Construction ETF Stock Performance

ITB stock traded up $0.22 during mid-day trading on Thursday, hitting $104.07. The company had a trading volume of 2,513,061 shares. The firm has a market cap of $2.64 billion, a PE ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 12 month low of $31.19 and a 12 month high of $46.56. The stock’s fifty day moving average price is $108.53 and its two-hundred day moving average price is $98.26.

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.