What iShares U.S. Home Construction ETF (ITB) Bought: Beazer Leads on Oct. 16

This article first appeared on GuruFocus .

ETF activity was lopsided at iShares U.S. Home Construction ETF ( ITB ) last Friday, with one position increased and 42 decreased. The fund, with $2.27 billion in assets, traded $300.9 million gross and was a net seller of $300.2 million.

What did ITB buy on Friday?

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Its largest buys by dollar value were BZH ($0.3 million).

What did ITB sell on Friday?

Its largest sells by dollar value were DHI ($55.2 million), PHM ($33.1 million) and LEN ($23.2 million).

The largest sale was D R Horton, down 396,270 shares for $55.2 million, followed by PulteGroup at $33.1 million and Lennar A Class A at $23.2 million. NVR was cut by $23.2 million and Sherwin Williams by $14.3 million. The only buy was Beazer Homes, up 9,778 shares for $0.3 million, an existing position rather than a new one, and no holdings were fully exited.

How does ITB invest?

ITB is an equity sector consumer discretionary fund holding 43 stocks, with 68.9% of assets in its 10 largest holdings. Consumer Cyclical accounts for 76.3% of classified stocks, Industrials 14.4% and Basic Materials 8.6%. Large caps make up 69.2%, mid caps 27.3% and small caps 3.5%. It charges 0.37% and its top holdings are D R Horton at 18.28%, PulteGroup at 10.97%, NVR at 7.72%, Lennar A Class A at 7.69% and Sherwin Williams at 4.73%. It has a GF Score of 85, a P/E of 16.78, a P/B of 2.06, a dividend yield of 1.32% and a year-to-date return of -10.74%.

iShares U.S. Home Construction ETF ( ITB ) at a glance

Holdings, performance and fees for ITB are on its fund summary page ; the ETF Screener lines it up against its peers. Its biggest buy this time, BZH, has its own GF Value page and stock summary .