iShares U.S. Industrials ETF (BATS:IYJ) Reaches New 12-Month Low at $119.91

iShares U.S. Industrials ETF (BATS:IYJ) shares reached a new 52-week low on Tuesday . The stock traded as low as $119.91 and last traded at $120.37, with a volume of 64434 shares traded. The stock had previously closed at $120.76.

iShares U.S. Industrials ETF Stock Down 0.4 %

The stock has a market capitalization of $1.52 billion, a P/E ratio of 27.06 and a beta of 0.97. The company has a fifty day simple moving average of $121.83 and a two-hundred day simple moving average of $112.49.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in shares of iShares U.S. Industrials ETF by 9.3% during the 1st quarter. Citigroup Inc. now owns 8,035 shares of the company’s stock worth $847,000 after purchasing an additional 686 shares during the last quarter. Bank of Montreal Can boosted its holdings in iShares U.S. Industrials ETF by 1.3% in the 1st quarter. Bank of Montreal Can now owns 52,294 shares of the company’s stock valued at $5,626,000 after purchasing an additional 679 shares during the period. BlackRock Inc. increased its position in shares of iShares U.S. Industrials ETF by 147.0% in the first quarter. BlackRock Inc. now owns 78,455 shares of the company’s stock worth $8,272,000 after purchasing an additional 46,686 shares during the period. NewEdge Advisors LLC boosted its stake in iShares U.S. Industrials ETF by 4.3% in the first quarter. NewEdge Advisors LLC now owns 57,110 shares of the company’s stock valued at $6,021,000 after buying an additional 2,368 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares U.S. Industrials ETF during the first quarter worth $1,434,000.

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.