Karp Capital Management Corp bought a new stake in shares of iShares U.S. Home Construction ETF (BATS:ITB) in the 1st quarter, Holdings Channel reports. The fund bought 126,131 shares of the exchange traded fund’s stock, valued at approximately $4,445,000. iShares U.S. Home Construction ETF accounts for approximately 1.6% of Karp Capital Management Corp’s holdings, making the stock its 24th largest holding.

Several other large investors have also recently bought and sold shares of ITB. Parallel Advisors LLC increased its holdings in shares of iShares U.S. Home Construction ETF by 127.1% during the 1st quarter. Parallel Advisors LLC now owns 1,592 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 891 shares in the last quarter. Solstein Capital LLC acquired a new stake in iShares U.S. Home Construction ETF in the 4th quarter valued at $63,000. Cullen Frost Bankers Inc. acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at $67,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at $70,000. Finally, Valley National Advisers Inc. acquired a new stake in iShares U.S. Home Construction ETF in the 1st quarter valued at $73,000.

iShares U.S. Home Construction ETF stock traded up $0.03 during trading on Wednesday, reaching $38.26. The company had a trading volume of 623,235 shares. iShares U.S. Home Construction ETF has a 1-year low of $31.19 and a 1-year high of $46.56.

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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.

Read More: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding ITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Home Construction ETF (BATS:ITB).

Institutional Ownership by Quarter for iShares U.S. Home Construction ETF (BATS:ITB)

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