EP Wealth Advisors LLC Acquires 849 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

EP Wealth Advisors LLC boosted its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,118 shares of the company’s stock after purchasing an additional 849 shares during the quarter. EP Wealth Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Signal Advisors Wealth LLC increased its holdings in iShares U.S. Basic Materials ETF by 3.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock worth $321,000 after purchasing an additional 76 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of iShares U.S. Basic Materials ETF by 5.1% during the 4th quarter. Focus Financial Network Inc. now owns 1,704 shares of the company’s stock worth $221,000 after purchasing an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 11.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after purchasing an additional 169 shares in the last quarter. BankPlus Trust Department bought a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth about $28,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of iShares U.S. Basic Materials ETF by 25.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock worth $200,000 after purchasing an additional 310 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

IYM stock opened at $133.42 on Wednesday. The stock has a market capitalization of $493.65 million, a PE ratio of 22.82 and a beta of 1.09. The company’s 50-day moving average is $130.63 and its 200-day moving average is $136.19. iShares U.S. Basic Materials ETF has a 1 year low of $115.07 and a 1 year high of $153.55.

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.