Royal Bank of Canada Lowers Stock Position in iShares U.S. Industrials ETF (BATS:IYJ)

Royal Bank of Canada reduced its stake in iShares U.S. Industrials ETF (BATS:IYJ) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 226,023 shares of the company’s stock after selling 14,020 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Industrials ETF were worth $30,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in iShares U.S. Industrials ETF by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 7,432 shares of the company’s stock valued at $993,000 after purchasing an additional 1,375 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in iShares U.S. Industrials ETF by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,129 shares of the company’s stock valued at $7,761,000 after purchasing an additional 2,197 shares in the last quarter. US Bancorp DE raised its stake in iShares U.S. Industrials ETF by 103.0% in the fourth quarter. US Bancorp DE now owns 4,298 shares of the company’s stock valued at $574,000 after purchasing an additional 2,181 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares U.S. Industrials ETF in the fourth quarter valued at approximately $18,395,000. Finally, Truist Financial Corp raised its stake in iShares U.S. Industrials ETF by 8.9% in the fourth quarter. Truist Financial Corp now owns 8,096 shares of the company’s stock valued at $1,081,000 after purchasing an additional 662 shares in the last quarter.

iShares U.S. Industrials ETF Price Performance

Shares of IYJ opened at $136.27 on Friday. The firm’s 50 day simple moving average is $129.17 and its 200 day simple moving average is $134.72. The company has a market capitalization of $1.55 billion, a P/E ratio of 25.18 and a beta of 1.11. iShares U.S. Industrials ETF has a 1-year low of $111.51 and a 1-year high of $144.20.

iShares U.S. Industrials ETF Profile

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.