Empirical Asset Management LLC decreased its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,617 shares of the company’s stock after selling 80 shares during the quarter. Empirical Asset Management LLC owned about 0.08% of iShares U.S. Basic Materials ETF worth $470,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $43,121,000. BNP Paribas Financial Markets acquired a new position in iShares U.S. Basic Materials ETF during the third quarter worth about $7,508,000. NewEdge Advisors LLC increased its holdings in iShares U.S. Basic Materials ETF by 1,626.1% in the second quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock valued at $2,018,000 after buying an additional 13,578 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at approximately $746,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth approximately $385,000.
iShares U.S. Basic Materials ETF Price Performance
NYSEARCA IYM opened at $137.47 on Friday. The business has a 50 day moving average price of $138.22 and a 200 day moving average price of $142.54. The company has a market capitalization of $632.36 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1-year low of $128.19 and a 1-year high of $153.55.
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.
Further Reading
- Five stocks we like better than iShares U.S. Basic Materials ETF
- How to Short a Stock in 5 Easy Steps
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- Upcoming IPO Stock Lockup Period, Explained
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- Technology Stocks Explained: Here’s What to Know About Tech
- MarketBeat Week in Review – 01/13 – 01/17
Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
