iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sets New 1-Year High – Time to Buy?

iShares U.S. Basic Materials ETF (NYSEARCA:IYM)’s share price hit a new 52-week high on Friday . The company traded as high as $192.90 and last traded at $192.90, with a volume of 4657 shares changing hands. The stock had previously closed at $190.34.

iShares U.S. Basic Materials ETF Price Performance

The company has a market capitalization of $1.29 billion, a PE ratio of 22.43 and a beta of 0.96. The business has a 50-day moving average of $181.85 and a 200 day moving average of $181.14.

Institutional Trading of iShares U.S. Basic Materials ETF

Large investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the second quarter valued at $29,000. Legacy Wealth Managment LLC ID purchased a new stake in iShares U.S. Basic Materials ETF during the fourth quarter valued at $36,000. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF during the first quarter valued at $36,000. Pin Oak Investment Advisors Inc. bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter valued at $38,000. Finally, Strive Financial Group LLC bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter valued at $39,000.

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.