The Manufacturers Life Insurance Company Acquires 300,080 Shares of iShares U.S. Basic Materials ETF $IYM

The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 64.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 767,520 shares of the company’s stock after buying an additional 300,080 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of iShares U.S. Basic Materials ETF worth $135,022,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after buying an additional 87,723 shares during the period. Principal Financial Group Inc. bought a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at about $10,112,000. WealthCare Asset Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth about $8,780,000. Bank of Nova Scotia increased its holdings in shares of iShares U.S. Basic Materials ETF by 191.8% in the first quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock worth $13,037,000 after buying an additional 48,710 shares during the period. Finally, Three Seasons Wealth LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at about $5,125,000.

iShares U.S. Basic Materials ETF Trading Up 0.5%

NYSEARCA IYM opened at $178.90 on Wednesday. The firm has a market cap of $1.14 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 1-year low of $138.03 and a 1-year high of $191.37. The stock has a 50-day moving average of $181.21 and a 200-day moving average of $179.43.

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.