Northwestern Mutual Wealth Management Co. Boosts Stake in iShares U.S. Industrials ETF $IYJ

Northwestern Mutual Wealth Management Co. grew its position in shares of iShares U.S. Industrials ETF (BATS:IYJ) by 1,131.7% during the fourth quarter, Holdings Channel reports. The fund owned 103,955 shares of the company’s stock after purchasing an additional 95,515 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Industrials ETF were worth $15,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYJ. NewEdge Advisors LLC grew its holdings in shares of iShares U.S. Industrials ETF by 1.5% during the 1st quarter. NewEdge Advisors LLC now owns 7,239 shares of the company’s stock worth $942,000 after acquiring an additional 104 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Industrials ETF by 38.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,000 shares of the company’s stock worth $2,846,000 after acquiring an additional 5,524 shares during the period. Vivaldi Capital Management LP purchased a new position in shares of iShares U.S. Industrials ETF during the 2nd quarter worth approximately $588,000. Quantinno Capital Management LP grew its holdings in shares of iShares U.S. Industrials ETF by 17.2% during the 2nd quarter. Quantinno Capital Management LP now owns 9,211 shares of the company’s stock worth $1,311,000 after acquiring an additional 1,355 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of iShares U.S. Industrials ETF by 1.2% during the 2nd quarter. Raymond James Financial Inc. now owns 173,581 shares of the company’s stock worth $24,702,000 after acquiring an additional 2,127 shares during the period.

iShares U.S. Industrials ETF Stock Performance

IYJ stock opened at $155.32 on Thursday. iShares U.S. Industrials ETF has a fifty-two week low of $134.75 and a fifty-two week high of $163.45. The business’s 50 day moving average price is $153.37 and its two-hundred day moving average price is $152.25. The company has a market capitalization of $1.79 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.