First Citizens Financial Corp Cuts Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

First Citizens Financial Corp reduced its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,351 shares of the company’s stock after selling 182 shares during the period. First Citizens Financial Corp’s holdings in iShares U.S. Basic Materials ETF were worth $1,530,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Focus Financial Network Inc. boosted its position in 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 valued at $221,000 after buying an additional 83 shares during the period. BankPlus Trust Department purchased a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. raised its stake in shares of iShares U.S. Basic Materials ETF by 25.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock valued at $200,000 after acquiring an additional 310 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 65.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 829 shares of the company’s stock worth $108,000 after purchasing an additional 329 shares during the period.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA:IYM opened at $134.26 on Thursday. The stock’s 50-day moving average is $130.32 and its 200 day moving average is $135.24. The company has a market cap of $496.76 million, a PE ratio of 22.70 and a beta of 1.09. iShares U.S. Basic Materials ETF has a 1 year low of $115.07 and a 1 year high of $153.55.

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.