iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) shares saw unusually-high trading volume on Monday . Approximately 247,125 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 212,179 shares.The stock last traded at $180.21 and had previously closed at $180.22.

iShares U.S. Basic Materials ETF Price Performance

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The stock has a 50-day moving average price of $179.29 and a 200 day moving average price of $168.19.

Institutional Trading of iShares U.S. Basic Materials ETF

Hedge funds have recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID bought a new position in iShares U.S. Basic Materials ETF in the fourth quarter valued at approximately $36,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth $36,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth $38,000. Strive Financial Group LLC bought a new stake in iShares U.S. Basic Materials ETF in the 4th quarter valued at $39,000. Finally, Ascentis Independent Advisors bought a new stake in iShares U.S. Basic Materials ETF in the 1st quarter valued at $40,000.

iShares U.S. Basic Materials ETF Company 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.