iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by First Citizens Financial Corp

First Citizens Financial Corp reduced its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 13.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,533 shares of the company’s stock after selling 1,785 shares during the period. First Citizens Financial Corp owned approximately 0.25% of iShares U.S. Basic Materials ETF worth $1,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Basic Materials ETF in the second quarter valued at approximately $43,121,000. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $7,508,000. NewEdge Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 1,626.1% during the second quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock worth $2,018,000 after purchasing an additional 13,578 shares in the last quarter. Sachetta LLC boosted its holdings in iShares U.S. Basic Materials ETF by 22.5% in the 2nd quarter. Sachetta LLC now owns 42,736 shares of the company’s stock worth $6,105,000 after buying an additional 7,838 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth approximately $746,000.

iShares U.S. Basic Materials ETF Stock Up 0.2 %

Shares of iShares U.S. Basic Materials ETF stock traded up $0.32 during trading hours on Friday, reaching $128.85. 7,485 shares of the company’s stock were exchanged, compared to its average volume of 26,875. The company has a market capitalization of $592.71 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1 year low of $128.19 and a 1 year high of $153.55. The business has a fifty day moving average of $141.55 and a two-hundred day moving average of $143.17.

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.