Cwm LLC Increases Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Cwm LLC boosted its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 636 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Cwm LLC’s holdings in iShares U.S. Basic Materials ETF were worth $88,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at about $43,000. Kellett Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth $1,195,000. Graypoint LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at $212,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $28,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares U.S. Basic Materials ETF during the 4th quarter worth $3,898,000.

iShares U.S. Basic Materials ETF Trading Up 1.3 %

Shares of NYSEARCA IYM opened at $144.29 on Wednesday. The stock has a fifty day moving average price of $143.62 and a 200 day moving average price of $135.93. iShares U.S. Basic Materials ETF has a 12-month low of $119.22 and a 12-month high of $149.79. The company has a market cap of $663.73 million, a P/E ratio of 13.33 and a beta of 0.88.

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.