Park Avenue Securities LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,772 shares of the company’s stock, valued at approximately $1,028,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Altura Wealth Advisors Inc. boosted its position in iShares U.S. Basic Materials ETF by 4.5% during the 3rd quarter. Altura Wealth Advisors Inc. now owns 1,297 shares of the company’s stock valued at $231,000 after buying an additional 56 shares during the period. Wealth Management Partners LLC raised its holdings in shares of iShares U.S. Basic Materials ETF by 1.5% during the third quarter. Wealth Management Partners LLC now owns 4,579 shares of the company’s stock valued at $816,000 after acquiring an additional 68 shares in the last quarter. Tidal Investments LLC boosted its holdings in iShares U.S. Basic Materials ETF by 4.6% in the second quarter. Tidal Investments LLC now owns 1,762 shares of the company’s stock valued at $316,000 after acquiring an additional 77 shares in the last quarter. Compass Financial Management LLC bought a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter valued at about $33,000.
iShares U.S. Basic Materials ETF Stock Down 1.1%
Shares of IYM stock opened at $179.69 on Wednesday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 21.73 and a beta of 0.97. The business’s fifty day moving average is $184.11 and its 200 day moving average is $181.56. iShares U.S. Basic Materials ETF has a twelve month low of $139.08 and a twelve month high of $197.36.
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.
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