iShares U.S. Basic Materials ETF $IYM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,063 shares of the company’s stock after selling 2,759 shares during the period. Commonwealth Equity Services LLC owned about 0.46% of iShares U.S. Basic Materials ETF worth $4,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tcfg Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $4,901,000. Three Seasons Wealth LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $5,125,000. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock worth $23,917,000 after purchasing an additional 87,723 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $86,000. Finally, Wealth Management Partners LLC increased its position in shares of iShares U.S. Basic Materials ETF by 13.2% during the fourth quarter. Wealth Management Partners LLC now owns 2,868 shares of the company’s stock worth $442,000 after purchasing an additional 334 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

IYM opened at $181.59 on Monday. The business’s 50-day simple moving average is $182.31 and its 200-day simple moving average is $171.92. iShares U.S. Basic Materials ETF has a one year low of $135.94 and a one year high of $189.80. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.43 and a beta of 0.95.

iShares U.S. Basic Materials ETF 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.