iShares Dow Jones US Home Const. (ITB) Stake Lowered by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lessened its stake in iShares Dow Jones US Home Const. (NYSE:ITB) by 31.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579,649 shares of the exchange traded fund’s stock after selling 262,279 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares Dow Jones US Home Const. were worth $19,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITB. BlueCrest Capital Management Ltd boosted its holdings in shares of iShares Dow Jones US Home Const. by 555.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 577,423 shares of the exchange traded fund’s stock valued at $19,598,000 after buying an additional 489,387 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its holdings in shares of iShares Dow Jones US Home Const. by 50,128.6% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 301,874 shares of the exchange traded fund’s stock valued at $10,246,000 after buying an additional 301,273 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of iShares Dow Jones US Home Const. by 122.0% in the 2nd quarter. Royal Bank of Canada now owns 329,507 shares of the exchange traded fund’s stock valued at $11,184,000 after buying an additional 181,071 shares during the last quarter. Paragon Wealth Strategies LLC boosted its holdings in shares of iShares Dow Jones US Home Const. by 81.3% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 340,656 shares of the exchange traded fund’s stock valued at $11,562,000 after buying an additional 152,722 shares during the last quarter. Finally, FundX Investment Group LLC acquired a new stake in shares of iShares Dow Jones US Home Const. in the 2nd quarter valued at approximately $5,151,000.

iShares Dow Jones US Home Const. (NYSE:ITB) traded up 0.32% during midday trading on Friday, reaching $37.39. The company had a trading volume of 1,330,981 shares. The stock’s 50 day moving average is $34.86 and its 200 day moving average is $33.58. iShares Dow Jones US Home Const. has a 12-month low of $25.16 and a 12-month high of $37.53.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 27th were given a $0.0324 dividend. The ex-dividend date was Tuesday, September 26th. This represents a $0.13 annualized dividend and a yield of 0.35%. This is a boost from iShares Dow Jones US Home Const.’s previous quarterly dividend of $0.03.

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iShares Dow Jones US Home Const. 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.

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Institutional Ownership by Quarter for iShares Dow Jones US Home Const. (NYSE:ITB)

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