Sachetta LLC Increases Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Sachetta LLC grew its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,106 shares of the company’s stock after buying an additional 1,370 shares during the quarter. iShares U.S. Basic Materials ETF accounts for about 2.6% of Sachetta LLC’s investment portfolio, making the stock its 7th biggest holding. Sachetta LLC’s holdings in iShares U.S. Basic Materials ETF were worth $6,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC boosted its position in iShares U.S. Basic Materials ETF by 15.3% during the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after acquiring an additional 96 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in iShares U.S. Basic Materials ETF by 7.4% during the third quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock worth $243,000 after purchasing an additional 111 shares during the last quarter. Foguth Wealth Management LLC. grew its position in iShares U.S. Basic Materials ETF by 5.5% in the second quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock valued at $373,000 after purchasing an additional 139 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter valued at $45,000. Finally, Reston Wealth Management LLC acquired a new stake in iShares U.S. Basic Materials ETF in the 3rd quarter valued at $50,000.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA IYM opened at $143.77 on Wednesday. The business has a 50-day moving average of $147.76 and a 200-day moving average of $144.39. The stock has a market capitalization of $661.34 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a fifty-two week low of $127.96 and a fifty-two week high of $153.55.

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.