BNP Paribas Financial Markets Has $198.45 Million Stock Position in iShares U.S. Home Construction ETF (BATS:ITB)

BNP Paribas Financial Markets raised its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 56.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,714,182 shares of the exchange traded fund’s stock after buying an additional 621,078 shares during the quarter. BNP Paribas Financial Markets owned 6.13% of iShares U.S. Home Construction ETF worth $198,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vima LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $27,000. Tortoise Investment Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $34,000. Anchor Investment Management LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $43,000. VitalStone Financial LLC bought a new stake in shares of iShares U.S. Home Construction ETF in the 4th quarter worth approximately $45,000. Finally, Vestor Capital LLC bought a new position in shares of iShares U.S. Home Construction ETF during the 4th quarter worth approximately $55,000.

iShares U.S. Home Construction ETF Price Performance

Shares of iShares U.S. Home Construction ETF stock traded down $0.63 during midday trading on Friday, hitting $97.52. 1,607,807 shares of the company were exchanged. The firm has a market cap of $2.48 billion, a P/E ratio of 11.56 and a beta of 1.41. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The firm has a 50 day simple moving average of $104.27 and a 200-day simple moving average of $104.79.

iShares U.S. Home Construction ETF 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.