Cwm LLC increased its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 15.3% in the 3rd quarter, Holdings Channel reports. The firm owned 724 shares of the company’s stock after purchasing an additional 96 shares during the period. Cwm LLC’s holdings in iShares U.S. Basic Materials ETF were worth $109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foguth Wealth Management LLC. purchased a new stake in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $373,000. FORVIS Wealth Advisors LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 2.1% in the first quarter. FORVIS Wealth Advisors LLC now owns 4,522 shares of the company’s stock worth $668,000 after acquiring an additional 91 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth approximately $201,000. Janney Montgomery Scott LLC raised its stake in iShares U.S. Basic Materials ETF by 64.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,462 shares of the company’s stock valued at $364,000 after purchasing an additional 968 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $214,000.
iShares U.S. Basic Materials ETF Stock Down 0.8 %
Shares of IYM opened at $147.80 on Friday. iShares U.S. Basic Materials ETF has a 52-week low of $119.69 and a 52-week high of $153.55. The stock has a market cap of $679.88 million, a PE ratio of 13.76 and a beta of 0.87. The firm’s fifty day moving average is $146.67 and its two-hundred day moving average is $143.98.
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.
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Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
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