Eldridge Investment Advisors Inc. Trims Stock Holdings in iShares U.S. Home Construction ETF (BATS:ITB)

Eldridge Investment Advisors Inc. lowered its position in iShares U.S. Home Construction ETF (BATS:ITB) by 17.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,513 shares of the exchange traded fund’s stock after selling 12,471 shares during the period. iShares U.S. Home Construction ETF comprises approximately 1.5% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 17th largest position. Eldridge Investment Advisors Inc.’s holdings in iShares U.S. Home Construction ETF were worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in iShares U.S. Home Construction ETF by 143.0% in the third quarter. Morgan Stanley now owns 3,673,796 shares of the exchange traded fund’s stock valued at $288,356,000 after buying an additional 2,162,171 shares during the last quarter. PFG Advisors raised its stake in shares of iShares U.S. Home Construction ETF by 187.3% during the fourth quarter. PFG Advisors now owns 7,760 shares of the exchange traded fund’s stock worth $789,000 after purchasing an additional 5,059 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the third quarter worth approximately $890,000. Price Capital Management Inc. purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth approximately $22,850,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of iShares U.S. Home Construction ETF during the fourth quarter worth approximately $3,225,000.

iShares U.S. Home Construction ETF Trading Up 0.2 %

Shares of iShares U.S. Home Construction ETF stock traded up $0.22 during trading hours on Thursday, hitting $104.07. 2,513,061 shares of the company were exchanged. iShares U.S. Home Construction ETF has a 1 year low of $31.19 and a 1 year high of $46.56. The business has a 50-day moving average of $108.53 and a 200-day moving average of $98.26. The stock has a market capitalization of $2.64 billion, a price-to-earnings 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.