Ferguson Wellman Capital Management Inc. Reduces Stake in iShares U.S. Industrials ETF $IYJ

Ferguson Wellman Capital Management Inc. lowered its stake in iShares U.S. Industrials ETF (BATS:IYJ) by 69.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,985 shares of the company’s stock after selling 145,400 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.57% of iShares U.S. Industrials ETF worth $9,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IYJ. Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Industrials ETF in the first quarter worth about $1,071,000. Sequoia Financial Advisors LLC grew its stake in iShares U.S. Industrials ETF by 21.2% during the first quarter. Sequoia Financial Advisors LLC now owns 3,988 shares of the company’s stock valued at $588,000 after acquiring an additional 697 shares in the last quarter. WealthCare Asset Management LLC bought a new stake in iShares U.S. Industrials ETF during the 1st quarter worth approximately $372,000. Kiley Juergens Wealth Management LLC bought a new stake in iShares U.S. Industrials ETF during the 1st quarter worth approximately $352,000. Finally, Stephens Inc. AR lifted its stake in iShares U.S. Industrials ETF by 2.1% in the 1st quarter. Stephens Inc. AR now owns 5,537 shares of the company’s stock worth $817,000 after purchasing an additional 114 shares in the last quarter.

iShares U.S. Industrials ETF Stock Performance

BATS IYJ traded up $0.85 on Friday, hitting $163.68. The stock had a trading volume of 30,328 shares, compared to its average volume of 139,566. The firm has a 50-day moving average of $159.64 and a 200-day moving average of $156.21. iShares U.S. Industrials ETF has a 52-week low of $138.90 and a 52-week high of $167.86. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 25.86 and a beta of 1.10.

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.