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

Raymond James & Associates reduced its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 74.2% in the 4th quarter, Holdings Channel reports. The fund owned 7,590 shares of the company’s stock after selling 21,810 shares during the period. Raymond James & Associates’ holdings in iShares U.S. Basic Materials ETF were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in shares of iShares U.S. Basic Materials ETF by 145.8% during the 3rd quarter. Blair William & Co. IL now owns 204 shares of the company’s stock worth $26,000 after acquiring an additional 121 shares in the last quarter. New Republic Capital LLC acquired a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth about $35,000. NBC Securities Inc. purchased a new position in iShares U.S. Basic Materials ETF during the third quarter worth approximately $42,000. Belpointe Asset Management LLC grew its holdings in iShares U.S. Basic Materials ETF by 104.5% in the first quarter. Belpointe Asset Management LLC now owns 321 shares of the company’s stock valued at $43,000 after purchasing an additional 164 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of iShares U.S. Basic Materials ETF by 2,066.7% in the second quarter. Tower Research Capital LLC TRC now owns 325 shares of the company’s stock valued at $43,000 after buying an additional 310 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA:IYM opened at $142.23 on Monday. The business’s 50 day moving average price is $142.08 and its 200-day moving average price is $134.50. iShares U.S. Basic Materials ETF has a 1 year low of $119.22 and a 1 year high of $149.79. The firm has a market capitalization of $604.48 million, a price-to-earnings ratio of 14.11 and a beta of 0.92.

iShares U.S. Basic Materials ETF Company 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.