Cornerstone Wealth Management LLC Invests $656,000 in iShares U.S. Industrials ETF $IYJ

Cornerstone Wealth Management LLC acquired a new position in shares of iShares U.S. Industrials ETF (BATS:IYJ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,425 shares of the company’s stock, valued at approximately $656,000.

Other institutional investors also recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares U.S. Industrials ETF during the 3rd quarter worth about $32,000. Root Financial Partners LLC bought a new stake in shares of iShares U.S. Industrials ETF during the 3rd quarter worth about $34,000. IFP Advisors Inc boosted its holdings in shares of iShares U.S. Industrials ETF by 43.3% during the 3rd quarter. IFP Advisors Inc now owns 288 shares of the company’s stock worth $42,000 after buying an additional 87 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in shares of iShares U.S. Industrials ETF during the 4th quarter worth about $44,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of iShares U.S. Industrials ETF during the 4th quarter worth about $55,000.

iShares U.S. Industrials ETF Stock Performance

Shares of IYJ stock opened at $154.85 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 25.86 and a beta of 1.10. The company has a 50-day simple moving average of $153.42 and a 200 day simple moving average of $152.07. iShares U.S. Industrials ETF has a 52 week low of $134.75 and a 52 week high of $163.45.

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.