Citigroup Inc. Grows Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Citigroup Inc. increased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 452,739 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Citigroup Inc. owned approximately 12.24% of iShares U.S. Basic Materials ETF worth $61,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IYM. Focus Partners Wealth purchased a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $2,167,000. Raymond James Financial Inc. bought a new position in iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $2,091,000. AE Wealth Management LLC increased its position in iShares U.S. Basic Materials ETF by 1,918.5% during the 1st quarter. AE Wealth Management LLC now owns 14,412 shares of the company’s stock valued at $1,943,000 after buying an additional 13,698 shares in the last quarter. Commerce Bank increased its position in iShares U.S. Basic Materials ETF by 10.3% during the 4th quarter. Commerce Bank now owns 127,319 shares of the company’s stock valued at $16,543,000 after buying an additional 11,893 shares in the last quarter. Finally, GTS Securities LLC increased its position in iShares U.S. Basic Materials ETF by 118.3% during the 4th quarter. GTS Securities LLC now owns 16,795 shares of the company’s stock valued at $2,182,000 after buying an additional 9,102 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Up 0.4%

IYM stock opened at $143.29 on Monday. iShares U.S. Basic Materials ETF has a twelve month low of $115.07 and a twelve month high of $153.55. The firm has a market cap of $558.83 million, a PE ratio of 22.43 and a beta of 1.14. The business has a 50 day moving average of $141.63 and a 200 day moving average of $136.35.

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.