iShares U.S. Industrials ETF (BATS:IYJ) Hits New 1-Year Low at $122.02

Shares of iShares U.S. Industrials ETF (BATS:IYJ) reached a new 52-week low during trading on Monday . The company traded as low as $122.02 and last traded at $122.43, with a volume of 23656 shares trading hands. The stock had previously closed at $121.18.

iShares U.S. Industrials ETF Price Performance

The firm has a market cap of $1.61 billion, a P/E ratio of 26.36 and a beta of 0.96. The company’s 50-day moving average is $122.50 and its two-hundred day moving average is $114.58.

Hedge Funds Weigh In On iShares U.S. Industrials ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYJ. Concurrent Investment Advisors LLC grew its position in iShares U.S. Industrials ETF by 1.9% in the first quarter. Concurrent Investment Advisors LLC now owns 40,206 shares of the company’s stock valued at $5,054,000 after acquiring an additional 740 shares during the last quarter. Csenge Advisory Group boosted its stake in shares of iShares U.S. Industrials ETF by 15.4% in the 1st quarter. Csenge Advisory Group now owns 10,694 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,425 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of iShares U.S. Industrials ETF by 931.5% during the 1st quarter. Moloney Securities Asset Management LLC now owns 35,988 shares of the company’s stock valued at $4,524,000 after purchasing an additional 32,499 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in iShares U.S. Industrials ETF by 36.2% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 2,026 shares of the company’s stock worth $255,000 after purchasing an additional 539 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in iShares U.S. Industrials ETF by 5.7% in the 1st quarter. Private Advisor Group LLC now owns 32,367 shares of the company’s stock valued at $4,069,000 after purchasing an additional 1,755 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.