International Assets Investment Management LLC Takes Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, Holdings Channel.com reports. The fund purchased 28,212 shares of the company’s stock, valued at approximately $3,898,000.

Several other institutional investors have also recently made changes to their positions in the company. Wealthstar Advisors LLC purchased a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth about $1,493,000. Tower Research Capital LLC TRC boosted its position in shares of iShares U.S. Basic Materials ETF by 2,136.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,267 shares of the company’s stock worth $918,000 after purchasing an additional 6,942 shares during the period. PGIM Custom Harvest LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 1.2% during the 3rd quarter. PGIM Custom Harvest LLC now owns 286,918 shares of the company’s stock worth $36,244,000 after purchasing an additional 3,399 shares during the period. Milestone Advisory Partners increased its holdings in iShares U.S. Basic Materials ETF by 15.7% in the 3rd quarter. Milestone Advisory Partners now owns 24,937 shares of the company’s stock valued at $3,150,000 after purchasing an additional 3,381 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in iShares U.S. Basic Materials ETF in the third quarter valued at approximately $381,000.

iShares U.S. Basic Materials ETF Stock Up 1.2 %

NYSEARCA:IYM opened at $145.25 on Friday. iShares U.S. Basic Materials ETF has a 52 week low of $119.22 and a 52 week high of $149.79. The stock’s fifty day moving average is $143.87 and its two-hundred day moving average is $136.05. The stock has a market capitalization of $668.15 million, a price-to-earnings ratio of 13.33 and a beta of 0.88.

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.