Pinkerton Wealth LLC Acquires 8,975 Shares of iShares U.S. Basic Materials ETF $IYM

Pinkerton Wealth LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 3rd quarter, HoldingsChannel reports. The fund acquired 8,975 shares of the company’s stock, valued at approximately $1,599,000.

Several other institutional investors have also modified their holdings of IYM. The Manufacturers Life Insurance Company increased its stake in shares of iShares U.S. Basic Materials ETF by 64.2% during the first quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock worth $135,022,000 after purchasing an additional 300,080 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares U.S. Basic Materials ETF by 176.5% during the 1st quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock worth $65,921,000 after purchasing an additional 239,188 shares during the last quarter. Bank of Nova Scotia raised its position in shares of iShares U.S. Basic Materials ETF by 191.8% during the 1st quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock worth $13,037,000 after purchasing an additional 48,710 shares during the last quarter. CoreCap Advisors LLC lifted its stake in iShares U.S. Basic Materials ETF by 324.4% in the 2nd quarter. CoreCap Advisors LLC now owns 61,497 shares of the company’s stock valued at $11,041,000 after buying an additional 47,006 shares in the last quarter. Finally, Three Seasons Wealth LLC lifted its stake in iShares U.S. Basic Materials ETF by 99.8% in the 2nd quarter. Three Seasons Wealth LLC now owns 57,963 shares of the company’s stock valued at $10,406,000 after buying an additional 28,946 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $179.52 on Monday. iShares U.S. Basic Materials ETF has a 12-month low of $139.08 and a 12-month high of $197.36. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. The business’s 50-day moving average is $184.68 and its 200 day moving average is $181.44.

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.