4,947 Shares of iShares U.S. Basic Materials ETF $IYM Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,947 shares of the company’s stock, valued at approximately $881,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Simplex Trading LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $25,000. Compass Financial Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth about $29,000. Mycio Wealth Partners LLC purchased a new position in iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $29,000. Farmers & Merchants Investments Inc. purchased a new position in iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $33,000. Finally, Laurel Wealth Advisors LLC purchased a new position in iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $37,000.

iShares U.S. Basic Materials ETF Trading Down 1.8%

IYM stock opened at $181.00 on Friday. iShares U.S. Basic Materials ETF has a 12-month low of $140.05 and a 12-month high of $197.36. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 21.73 and a beta of 0.97. The business’s 50-day moving average is $182.53 and its 200 day moving average is $181.91.

About iShares U.S. Basic Materials ETF

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.