Private Advisor Group LLC reduced its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 39.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,941 shares of the company’s stock after selling 5,127 shares during the quarter. Private Advisor Group LLC’s holdings in iShares U.S. Basic Materials ETF were worth $1,397,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Legacy Wealth Managment LLC ID bought a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $36,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at $38,000. Strive Financial Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at $39,000. Blair William & Co. IL increased its stake in shares of iShares U.S. Basic Materials ETF by 794.9% in the 3rd quarter. Blair William & Co. IL now owns 528 shares of the company’s stock valued at $78,000 after acquiring an additional 469 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $86,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of NYSEARCA IYM opened at $178.24 on Monday. The firm has a market cap of $1.22 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 12-month low of $138.03 and a 12-month high of $191.37. The company’s fifty day simple moving average is $182.86 and its 200 day simple moving average is $177.79.
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.
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