iShares U.S. Industrials ETF $IYJ Stock Position Cut by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of iShares U.S. Industrials ETF (BATS:IYJ) by 56.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,628 shares of the company’s stock after selling 4,685 shares during the period. Corient Private Wealth LLC’s holdings in iShares U.S. Industrials ETF were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new position in shares of iShares U.S. Industrials ETF in the 4th quarter worth approximately $52,000. MidFirst Bank bought a new stake in shares of iShares U.S. Industrials ETF in the 4th quarter worth approximately $78,000. Mercer Global Advisors Inc. ADV lifted its stake in iShares U.S. Industrials ETF by 10.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,976 shares of the company’s stock valued at $1,034,000 after purchasing an additional 666 shares during the last quarter. Virtue Capital Management LLC lifted its stake in iShares U.S. Industrials ETF by 962.2% during the fourth quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock valued at $11,790,000 after purchasing an additional 72,081 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in iShares U.S. Industrials ETF by 18.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,618 shares of the company’s stock worth $1,129,000 after buying an additional 1,192 shares in the last quarter.

iShares U.S. Industrials ETF Price Performance

Shares of BATS IYJ opened at $166.54 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 25.86 and a beta of 1.10. The stock’s fifty day simple moving average is $158.88 and its 200 day simple moving average is $155.65. iShares U.S. Industrials ETF has a 52-week low of $138.90 and a 52-week high of $167.86.

About iShares U.S. Industrials ETF

iShares U.S. Industrials ETF, formerly iShares Dow Jones U.S. Industrial Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrials sector of the United States equity market, and includes companies in the industry groups, such as construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.