Pinkerton Wealth LLC Purchases 8,975 Shares of iShares U.S. Basic Materials ETF $IYM

Pinkerton Wealth LLC acquired a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,975 shares of the company’s stock, valued at approximately $1,599,000. Pinkerton Wealth LLC owned approximately 0.12% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYM. The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Basic Materials ETF by 64.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock worth $135,022,000 after acquiring an additional 300,080 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares U.S. Basic Materials ETF by 176.5% during the 1st quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock valued at $65,921,000 after acquiring an additional 239,188 shares during the period. Bank of Nova Scotia grew its position in shares of iShares U.S. Basic Materials ETF by 191.8% during the 1st quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock valued at $13,037,000 after acquiring an additional 48,710 shares during the period. CoreCap Advisors LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 324.4% in the 2nd quarter. CoreCap Advisors LLC now owns 61,497 shares of the company’s stock valued at $11,041,000 after purchasing an additional 47,006 shares in the last quarter. Finally, Three Seasons Wealth LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 99.8% in the 2nd quarter. Three Seasons Wealth LLC now owns 57,963 shares of the company’s stock valued at $10,406,000 after purchasing an additional 28,946 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA IYM opened at $179.52 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. iShares U.S. Basic Materials ETF has a twelve month low of $139.08 and a twelve month high of $197.36. The stock has a 50-day moving average of $184.68 and a 200 day moving average of $181.44.

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.