Gerald Baker Financial Group LLC Makes New $4.83 Million Investment in iShares U.S. Basic Materials ETF $IYM

Gerald Baker Financial Group LLC acquired a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,462 shares of the company’s stock, valued at approximately $4,831,000. iShares U.S. Basic Materials ETF makes up 1.6% of Gerald Baker Financial Group LLC’s portfolio, making the stock its 19th largest holding. Gerald Baker Financial Group LLC owned approximately 0.32% of iShares U.S. Basic Materials ETF as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IYM. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $71,967,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 in the last quarter. Principal Financial Group Inc. purchased a new position in iShares U.S. Basic Materials ETF in the first quarter valued at about $10,112,000. WealthCare Asset Management LLC purchased a new position in iShares U.S. Basic Materials ETF in the first quarter valued at about $8,780,000. Finally, Three Seasons Wealth LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $5,125,000.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA IYM opened at $175.12 on Friday. iShares U.S. Basic Materials ETF has a 1-year low of $138.03 and a 1-year high of $191.37. The business has a 50-day moving average of $182.33 and a 200-day moving average of $178.34. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96.

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.