iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) shares saw strong trading volume on Wednesday . 266,079 shares were traded during trading, an increase of 22% from the previous session’s volume of 218,006 shares.The stock last traded at $183.4560 and had previously closed at $185.35.
iShares U.S. Basic Materials ETF Stock Down 0.8%
The stock has a market capitalization of $1.10 billion, a PE ratio of 22.43 and a beta of 0.98. The stock’s 50-day moving average is $185.40 and its 200 day moving average is $182.29.
Hedge Funds Weigh In On iShares U.S. Basic Materials ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Gerald Baker Financial Group LLC purchased a new position in iShares U.S. Basic Materials ETF in the first quarter valued at about $4,831,000. Cetera Investment Advisers raised its stake in shares of iShares U.S. Basic Materials ETF by 44.7% during the 1st quarter. Cetera Investment Advisers now owns 23,415 shares of the company’s stock worth $4,119,000 after purchasing an additional 7,236 shares in the last quarter. Counterweight Ventures LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 207.6% during the 1st quarter. Counterweight Ventures LLC now owns 11,829 shares of the company’s stock valued at $2,081,000 after buying an additional 7,984 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter valued at about $895,000. Finally, WealthCare Asset Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at approximately $8,780,000.
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.
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