BankPlus Trust Department Makes New Investment in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

BankPlus Trust Department acquired a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 214 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IYM. Signal Advisors Wealth LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 3.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock worth $321,000 after buying an additional 76 shares during the period. Focus Financial Network Inc. lifted its stake in iShares U.S. Basic Materials ETF by 5.1% in the 4th quarter. Focus Financial Network Inc. now owns 1,704 shares of the company’s stock valued at $221,000 after acquiring an additional 83 shares in the last quarter. HighTower Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock worth $528,000 after acquiring an additional 111 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 9.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after acquiring an additional 112 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 11.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after acquiring an additional 169 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Up 0.5 %

Shares of IYM stock opened at $138.23 on Wednesday. iShares U.S. Basic Materials ETF has a 12 month low of $128.19 and a 12 month high of $153.55. The company’s fifty day simple moving average is $135.23 and its 200-day simple moving average is $141.94. The firm has a market cap of $539.10 million, a PE ratio of 22.47 and a beta of 1.15.

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.