WealthCare Asset Management LLC Purchases Shares of 49,908 iShares U.S. Basic Materials ETF $IYM

WealthCare Asset Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,908 shares of the company’s stock, valued at approximately $8,780,000. iShares U.S. Basic Materials ETF comprises about 9.3% of WealthCare Asset Management LLC’s holdings, making the stock its 3rd biggest holding. WealthCare Asset Management LLC owned approximately 0.56% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth approximately $71,967,000. Northwestern Mutual Wealth Management Co. raised its position in iShares U.S. Basic Materials ETF by 129.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after purchasing an additional 87,723 shares during the last quarter. Bank of America Corp DE raised its position 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 valued at $18,455,000 after purchasing an additional 6,462 shares during the last quarter. LPL Financial LLC boosted its stake in iShares U.S. Basic Materials ETF by 1.0% in the fourth quarter. LPL Financial LLC now owns 101,607 shares of the company’s stock worth $15,643,000 after purchasing an additional 964 shares in the last quarter. Finally, UBS Group AG boosted its stake in iShares U.S. Basic Materials ETF by 2.0% in the fourth quarter. UBS Group AG now owns 79,669 shares of the company’s stock worth $12,266,000 after purchasing an additional 1,592 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of IYM stock traded up $1.23 during trading hours on Friday, hitting $178.24. 173,118 shares of the company’s stock were exchanged, compared to its average volume of 234,048. iShares U.S. Basic Materials ETF has a 52 week low of $138.03 and a 52 week high of $191.37. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The stock’s 50-day moving average is $182.86 and its 200-day moving average is $177.64.

About iShares U.S. Basic Materials ETF

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.