Three Seasons Wealth LLC Makes New $5.13 Million Investment in iShares U.S. Basic Materials ETF $IYM

Three Seasons Wealth LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,290 shares of the company’s stock, valued at approximately $5,125,000. iShares U.S. Basic Materials ETF makes up about 0.5% of Three Seasons Wealth LLC’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth $44,278,000. PGIM Custom Harvest LLC boosted its stake in iShares U.S. Basic Materials ETF by 1.4% in the 2nd quarter. PGIM Custom Harvest LLC now owns 306,221 shares of the company’s stock worth $42,874,000 after purchasing an additional 4,290 shares during the period. Bank of America Corp DE boosted its stake in iShares U.S. Basic Materials ETF by 5.2% in the 2nd quarter. Bank of America Corp DE now owns 131,814 shares of the company’s stock worth $18,455,000 after purchasing an additional 6,462 shares during the period. Tcfg Wealth Management LLC bought a new position in iShares U.S. Basic Materials ETF during the 3rd quarter worth about $4,901,000. Finally, MML Investors Services LLC increased its holdings in iShares U.S. Basic Materials ETF by 4.7% during the 2nd quarter. MML Investors Services LLC now owns 20,500 shares of the company’s stock worth $2,870,000 after purchasing an additional 924 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

IYM opened at $175.92 on Wednesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.43 and a beta of 1.07. The business’s 50-day moving average price is $177.45 and its two-hundred day moving average price is $160.13. iShares U.S. Basic Materials ETF has a 1 year low of $115.07 and a 1 year high of $189.80.

iShares U.S. Basic Materials ETF Company Profile

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.