iShares U.S. Industrials ETF (BATS:IYJ) Hits New 12-Month Low at $121.79

iShares U.S. Industrials ETF (BATS:IYJ)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $121.79 and last traded at $122.05, with a volume of 14775 shares trading hands. The stock had previously closed at $121.56.

iShares U.S. Industrials ETF Price Performance

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 26.36 and a beta of 0.96. The stock has a 50-day moving average of $122.23 and a 200-day moving average of $113.55.

Institutional Investors Weigh In On iShares U.S. Industrials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IYJ. Brookstone Capital Management lifted its stake in shares of iShares U.S. Industrials ETF by 230.9% in the 3rd quarter. Brookstone Capital Management now owns 21,623 shares of the company’s stock valued at $2,139,000 after acquiring an additional 15,089 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in iShares U.S. Industrials ETF by 8.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,824 shares of the company’s stock worth $3,715,000 after purchasing an additional 2,960 shares during the last quarter. Raymond James & Associates raised its position in iShares U.S. Industrials ETF by 3.8% during the 3rd quarter. Raymond James & Associates now owns 39,599 shares of the company’s stock worth $3,995,000 after purchasing an additional 1,446 shares during the last quarter. Bank of New York Mellon Corp raised its position in iShares U.S. Industrials ETF by 14.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,332 shares of the company’s stock worth $639,000 after purchasing an additional 781 shares during the last quarter. Finally, Bailard Inc. raised its position in iShares U.S. Industrials ETF by 2.9% during the 3rd quarter. Bailard Inc. now owns 4,776 shares of the company’s stock worth $482,000 after purchasing an additional 136 shares during the last quarter.

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.