Raymond James & Associates Reduces Stock Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Raymond James & Associates reduced its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Rating) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,381 shares of the company’s stock after selling 13,690 shares during the period. Raymond James & Associates owned about 0.94% of iShares U.S. Basic Materials ETF worth $6,909,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Prospera Financial Services Inc purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at $6,932,000. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 1.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,405 shares of the company’s stock valued at $6,289,000 after acquiring an additional 666 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares U.S. Basic Materials ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 70,685 shares of the company’s stock worth $8,819,000 after buying an additional 1,703 shares in the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth $87,000. Finally, Cottonwood Capital Advisors LLC boosted its holdings in iShares U.S. Basic Materials ETF by 23.1% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 4,290 shares of the company’s stock worth $535,000 after buying an additional 804 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

Shares of NYSEARCA IYM opened at $127.12 on Friday. The company’s fifty day moving average price is $129.29 and its 200 day moving average price is $130.57. iShares U.S. Basic Materials ETF has a 1 year low of $106.29 and a 1 year high of $145.12. The company has a market capitalization of $794.50 million, a PE ratio of 12.00 and a beta of 1.14.

iShares U.S. Basic Materials ETF Company Profile

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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.