Corient Private Wealth LLC cut its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,307 shares of the company’s stock after selling 776 shares during the quarter. Corient Private Wealth LLC owned 0.22% of iShares U.S. Basic Materials ETF worth $1,339,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter valued at $26,000. BankPlus Trust Department acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at about $28,000. Farmers & Merchants Investments Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at about $42,000. Truvestments Capital LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth about $71,000. Finally, IFP Advisors Inc grew its stake in shares of iShares U.S. Basic Materials ETF by 146.5% in the 4th quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after buying an additional 400 shares during the period.
iShares U.S. Basic Materials ETF Price Performance
Shares of iShares U.S. Basic Materials ETF stock opened at $136.63 on Wednesday. The business has a 50-day simple moving average of $137.29 and a 200 day simple moving average of $141.02. The firm has a market capitalization of $512.36 million, a price-to-earnings ratio of 24.02 and a beta of 1.15. iShares U.S. Basic Materials ETF has a one year low of $128.19 and a one year high of $153.55.
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.
Recommended Stories
- Five stocks we like better than iShares U.S. Basic Materials ETF
- Where to Find Earnings Call Transcripts
- Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups
- Comparing and Trading High PE Ratio Stocks
- NVIDIA Insiders Sell: This Is What It Means for the Market
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Space Stocks Bottoming: Which Are Positioned Best for a Bounce?
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.
