Ramirez Asset Management Inc. Buys New Position in iShares U.S. Industrials ETF (BATS:IYJ)

Ramirez Asset Management Inc. bought a new stake in shares of iShares U.S. Industrials ETF (BATS:IYJ) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 200 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors have also added to or reduced their stakes in IYJ. Alpine Bank Wealth Management bought a new position in iShares U.S. Industrials ETF in the first quarter worth $29,000. Aptus Capital Advisors LLC raised its holdings in iShares U.S. Industrials ETF by 653.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 196 shares in the last quarter. Centricity Wealth Management LLC bought a new position in iShares U.S. Industrials ETF in the first quarter worth $30,000. IFP Advisors Inc grew its stake in shares of iShares U.S. Industrials ETF by 124.3% in the first quarter. IFP Advisors Inc now owns 240 shares of the company’s stock worth $31,000 after acquiring an additional 133 shares during the last quarter. Finally, Redwood Park Advisors LLC purchased a new stake in shares of iShares U.S. Industrials ETF in the fourth quarter worth $44,000.

iShares U.S. Industrials ETF Trading Up 8.5%

BATS IYJ opened at $146.16 on Wednesday. iShares U.S. Industrials ETF has a 12 month low of $111.51 and a 12 month high of $147.27. The stock has a market cap of $1.68 billion, a P/E ratio of 25.86 and a beta of 1.10. The stock’s fifty day moving average price is $141.53 and its 200-day moving average price is $135.74.

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.