Goldman Sachs Group Inc. Sells 1,530,719 Shares of iShares U.S. Home Construction ETF (BATS:ITB)

Goldman Sachs Group Inc. decreased its stake in iShares U.S. Home Construction ETF (BATS:ITB) by 54.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,270,947 shares of the exchange traded fund’s stock after selling 1,530,719 shares during the period. Goldman Sachs Group Inc.’s holdings in iShares U.S. Home Construction ETF were worth $129,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC bought a new position in iShares U.S. Home Construction ETF in the 4th quarter worth $34,000. Centaurus Financial Inc. boosted its stake in shares of iShares U.S. Home Construction ETF by 744.1% in the fourth quarter. Centaurus Financial Inc. now owns 45,622 shares of the exchange traded fund’s stock worth $4,641,000 after acquiring an additional 40,217 shares during the period. Blackstone Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth about $10,173,000. Barometer Capital Management Inc. bought a new stake in iShares U.S. Home Construction ETF during the 4th quarter valued at approximately $712,000. Finally, Vista Investment Management purchased a new position in iShares U.S. Home Construction ETF in the 4th quarter worth approximately $224,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of iShares U.S. Home Construction ETF stock traded down $1.13 on Friday, hitting $103.93. 2,234,458 shares of the company traded hands. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The business has a 50-day simple moving average of $105.73 and a 200 day simple moving average of $103.96. The stock has a market capitalization of $2.64 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.