HighTower Advisors LLC Acquires 111 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

HighTower Advisors LLC lifted its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 3.3% in the third quarter, HoldingsChannel.com reports. The fund owned 3,522 shares of the company’s stock after buying an additional 111 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC raised its stake in shares of iShares U.S. Basic Materials ETF by 15.3% in the third quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after acquiring an additional 96 shares during the period. Focus Financial Network Inc. grew its holdings in shares of iShares U.S. Basic Materials ETF by 7.4% in the third quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock worth $243,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of iShares U.S. Basic Materials ETF in the second quarter worth about $45,000. Reston Wealth Management LLC purchased a new position in iShares U.S. Basic Materials ETF in the 3rd quarter worth about $50,000. Finally, Daiwa Securities Group Inc. lifted its holdings in iShares U.S. Basic Materials ETF by 10.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock valued at $616,000 after buying an additional 400 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of IYM stock opened at $131.18 on Friday. iShares U.S. Basic Materials ETF has a one year low of $129.71 and a one year high of $153.55. The company has a market capitalization of $603.43 million, a P/E ratio of 13.76 and a beta of 0.87. The company’s 50-day simple moving average is $145.73 and its two-hundred day simple moving average is $144.00.

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.