Tocqueville Asset Management L.P. Takes $3.13 Million Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Tocqueville Asset Management L.P. purchased a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,055 shares of the company’s stock, valued at approximately $3,125,000. Tocqueville Asset Management L.P. owned about 0.52% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IYM. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares U.S. Basic Materials ETF by 11.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after buying an additional 169 shares during the period. HighTower Advisors LLC increased its holdings in iShares U.S. Basic Materials ETF by 3.3% in 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. Stifel Financial Corp raised its stake in iShares U.S. Basic Materials ETF by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock valued at $570,000 after acquiring an additional 257 shares during the period. IFP Advisors Inc lifted its holdings in iShares U.S. Basic Materials ETF by 146.5% during the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after purchasing an additional 400 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in iShares U.S. Basic Materials ETF by 127.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock valued at $273,000 after purchasing an additional 1,177 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Down 0.4 %

IYM opened at $136.41 on Wednesday. The firm has a 50-day moving average price of $136.84 and a 200-day moving average price of $141.22. iShares U.S. Basic Materials ETF has a twelve month low of $128.19 and a twelve month high of $153.55. The company has a market capitalization of $518.36 million, a price-to-earnings ratio of 24.29 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.