Sovran Advisors LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,174 shares of the company’s stock, valued at approximately $292,000.
Several other institutional investors have also bought and sold shares of IYM. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Basic Materials ETF during the third quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth $42,000. Reston Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the third quarter worth $50,000. Truvestments Capital LLC bought a new stake in iShares U.S. Basic Materials ETF during the third quarter worth $71,000. Finally, CWM LLC grew its holdings in iShares U.S. Basic Materials ETF by 15.3% during the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares in the last quarter.
iShares U.S. Basic Materials ETF Trading Down 0.5 %
Shares of iShares U.S. Basic Materials ETF stock opened at $138.35 on Thursday. The stock has a fifty day simple moving average of $135.38 and a 200 day simple moving average of $141.98. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55. The company has a market capitalization of $636.41 million, a P/E ratio of 13.76 and a beta of 0.87.
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.
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