Fountainhead AM LLC Makes New Investment in iShares U.S. Industrials ETF $IYJ

Fountainhead AM LLC bought a new position in iShares U.S. Industrials ETF (BATS:IYJ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,747 shares of the company’s stock, valued at approximately $533,000.

Several other large investors have also modified their holdings of the stock. Brown Advisory Inc. bought a new stake in iShares U.S. Industrials ETF during the first quarter valued at $951,000. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Industrials ETF by 125.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,443 shares of the company’s stock worth $3,182,000 after buying an additional 13,582 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares U.S. Industrials ETF by 47.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 713 shares of the company’s stock valued at $101,000 after buying an additional 230 shares during the period. Bank of New York Mellon Corp grew its position in shares of iShares U.S. Industrials ETF by 84.6% during the 1st quarter. Bank of New York Mellon Corp now owns 10,922 shares of the company’s stock valued at $1,422,000 after buying an additional 5,006 shares during the last quarter. Finally, Beaumont Financial Advisors LLC bought a new stake in shares of iShares U.S. Industrials ETF during the 2nd quarter valued at about $218,000.

iShares U.S. Industrials ETF Stock Up 7.7%

Shares of BATS IYJ opened at $145.01 on Monday. The firm’s 50-day moving average price is $145.61 and its two-hundred day moving average price is $142.36. iShares U.S. Industrials ETF has a 52-week low of $111.51 and a 52-week high of $147.27. The stock has a market capitalization of $1.67 billion, a P/E 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.