5,772 Shares of iShares U.S. Basic Materials ETF $IYM Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,772 shares of the company’s stock, valued at approximately $1,028,000. Park Avenue Securities LLC owned 0.08% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IYM. The Manufacturers Life Insurance Company lifted its position 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 valued at $135,022,000 after acquiring an additional 300,080 shares during the period. Bank of America Corp DE raised its stake in 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 worth $65,921,000 after buying an additional 239,188 shares during the period. Principal Financial Group Inc. acquired a new stake in iShares U.S. Basic Materials ETF in the first quarter valued at approximately $10,112,000. WealthCare Asset Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the first quarter worth approximately $8,780,000. Finally, Bank of Nova Scotia grew its position in iShares U.S. Basic Materials ETF by 191.8% in the 1st quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock valued at $13,037,000 after purchasing an additional 48,710 shares during the period.

iShares U.S. Basic Materials ETF Trading Down 1.1%

iShares U.S. Basic Materials ETF stock opened at $179.69 on Wednesday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 21.73 and a beta of 0.97. The firm’s fifty day moving average price is $184.11 and its two-hundred day moving average price is $181.56. iShares U.S. Basic Materials ETF has a 1-year low of $139.08 and a 1-year high of $197.36.

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.