Bright Futures Wealth Management LLC. Has $1.63 Million Stake in iShares U.S. Home Construction ETF (BATS:ITB)

Bright Futures Wealth Management LLC. grew its holdings in iShares U.S. Home Construction ETF (BATS:ITB) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,159 shares of the exchange traded fund’s stock after buying an additional 1,278 shares during the period. iShares U.S. Home Construction ETF comprises about 1.5% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 20th biggest holding. Bright Futures Wealth Management LLC.’s holdings in iShares U.S. Home Construction ETF were worth $1,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Guardian Asset Advisors LLC increased its holdings in iShares U.S. Home Construction ETF by 4.2% in the fourth quarter. Guardian Asset Advisors LLC now owns 4,892 shares of the exchange traded fund’s stock worth $507,000 after buying an additional 196 shares during the last quarter. Avion Wealth increased its holdings in iShares U.S. Home Construction ETF by 802.7% in the fourth quarter. Avion Wealth now owns 1,327 shares of the exchange traded fund’s stock worth $137,000 after buying an additional 1,180 shares during the last quarter. Jmac Enterprises LLC increased its holdings in iShares U.S. Home Construction ETF by 6.1% in the fourth quarter. Jmac Enterprises LLC now owns 46,140 shares of the exchange traded fund’s stock worth $4,770,000 after buying an additional 2,665 shares during the last quarter. Wealthstar Advisors LLC acquired a new position in iShares U.S. Home Construction ETF in the fourth quarter worth approximately $311,000. Finally, Kestra Private Wealth Services LLC increased its holdings in iShares U.S. Home Construction ETF by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,867 shares of the exchange traded fund’s stock worth $813,000 after buying an additional 110 shares during the last quarter.

iShares U.S. Home Construction ETF Stock Performance

BATS:ITB opened at $102.95 on Friday. The stock’s 50 day moving average price is $107.02 and its 200 day moving average price is $115.92. iShares U.S. Home Construction ETF has a 52 week low of $31.19 and a 52 week high of $46.56. The company has a market capitalization of $2.61 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.