BCS Wealth Management Cuts Stake in iShares U.S. Industrials ETF $IYJ

BCS Wealth Management lessened its stake in shares of iShares U.S. Industrials ETF (BATS:IYJ) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,100 shares of the company’s stock after selling 5,100 shares during the quarter. BCS Wealth Management’s holdings in iShares U.S. Industrials ETF were worth $752,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IYJ. Nalls Sherbakoff Group LLC acquired a new stake in iShares U.S. Industrials ETF during the 4th quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in shares of iShares U.S. Industrials ETF in the third quarter valued at approximately $32,000. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares U.S. Industrials ETF in the 4th quarter valued at approximately $34,000. IFP Advisors Inc raised its stake in iShares U.S. Industrials ETF by 43.3% during the 3rd quarter. IFP Advisors Inc now owns 288 shares of the company’s stock worth $42,000 after acquiring an additional 87 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of iShares U.S. Industrials ETF during the fourth quarter worth approximately $44,000.

iShares U.S. Industrials ETF Trading Down 1.6%

BATS:IYJ opened at $160.13 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of 25.86 and a beta of 1.10. The stock’s 50 day simple moving average is $157.66 and its 200-day simple moving average is $154.72. iShares U.S. Industrials ETF has a 12-month low of $138.90 and a 12-month high of $164.58.

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.