Avondale Wealth Management Reduces Stake in iShares U.S. Industrials ETF (BATS:IYJ)

Avondale Wealth Management lowered its position in iShares U.S. Industrials ETF (BATS:IYJ) by 50.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 500 shares of the company’s stock after selling 500 shares during the quarter. Avondale Wealth Management’s holdings in iShares U.S. Industrials ETF were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IYJ. Mather Group LLC. increased its position in shares of iShares U.S. Industrials ETF by 116.7% during the 2nd quarter. Mather Group LLC. now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares U.S. Industrials ETF in the 2nd quarter worth $30,000. Fortis Group Advisors LLC raised its holdings in iShares U.S. Industrials ETF by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 320 shares of the company’s stock worth $37,000 after purchasing an additional 160 shares during the period. Family Asset Management LLC lifted its position in iShares U.S. Industrials ETF by 171.9% during the second quarter. Family Asset Management LLC now owns 533 shares of the company’s stock valued at $64,000 after purchasing an additional 337 shares in the last quarter. Finally, Denver PWM LLC bought a new stake in iShares U.S. Industrials ETF during the second quarter valued at about $80,000.

iShares U.S. Industrials ETF Stock Performance

Shares of BATS IYJ traded up $1.65 during trading on Friday, hitting $135.66. The company had a trading volume of 17,754 shares. iShares U.S. Industrials ETF has a 12 month low of $123.05 and a 12 month high of $158.32. The firm has a market capitalization of $1.78 billion, a P/E ratio of 27.09 and a beta of 0.95. The stock has a 50 day simple moving average of $128.77 and a 200 day simple moving average of $124.46.

iShares U.S. Industrials ETF Company Profile

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.