Captrust Financial Advisors Has $662,000 Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Captrust Financial Advisors lowered its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 27.4% in the third quarter, HoldingsChannel.com reports. The fund owned 4,407 shares of the company’s stock after selling 1,661 shares during the quarter. Captrust Financial Advisors’ holdings in iShares U.S. Basic Materials ETF were worth $662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of IYM. Fairfield Financial Advisors LTD bought a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter valued at $45,000. Reston Wealth Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the third quarter valued at about $50,000. Truvestments Capital LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth about $71,000. CWM LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 15.3% during the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $206,000.

iShares U.S. Basic Materials ETF Stock Down 1.1 %

iShares U.S. Basic Materials ETF stock opened at $142.01 on Wednesday. The company’s 50-day moving average price is $147.50 and its two-hundred day moving average price is $144.42. The stock has a market cap of $653.27 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a twelve month low of $129.79 and a twelve month high of $153.55.

About iShares U.S. Basic Materials ETF

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.