Royal Bank of Canada Sells 3,753 Shares of iShares U.S. Basic Materials ETF $IYM

Royal Bank of Canada decreased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,699 shares of the company’s stock after selling 3,753 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Basic Materials ETF were worth $5,929,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Gerald Baker Financial Group LLC acquired a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $4,831,000. Cetera Investment Advisers increased its position in iShares U.S. Basic Materials ETF by 44.7% during the 1st quarter. Cetera Investment Advisers now owns 23,415 shares of the company’s stock worth $4,119,000 after buying an additional 7,236 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 worth $23,917,000 after buying an additional 87,723 shares in the last quarter. Harmony Asset Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth $895,000. Finally, Counterweight Ventures LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 207.6% in the first quarter. Counterweight Ventures LLC now owns 11,829 shares of the company’s stock valued at $2,081,000 after acquiring an additional 7,984 shares during the period.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $190.12 on Wednesday. The company’s 50-day simple moving average is $181.12 and its 200 day simple moving average is $180.46. iShares U.S. Basic Materials ETF has a 52 week low of $139.08 and a 52 week high of $191.99. The company has a market capitalization of $1.26 billion, a PE ratio of 22.43 and a beta of 0.96.

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.