Park Avenue Securities LLC Makes New $377,000 Investment in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Park Avenue Securities LLC acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 2,798 shares of the company’s stock, valued at approximately $377,000. Park Avenue Securities LLC owned approximately 0.08% of iShares U.S. Basic Materials ETF at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IYM. BankPlus Trust Department acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $28,000. American National Bank & Trust acquired a new position in iShares U.S. Basic Materials ETF in the first quarter valued at approximately $83,000. IFP Advisors Inc lifted its holdings in iShares U.S. Basic Materials ETF by 146.5% in the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after acquiring an additional 400 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in iShares U.S. Basic Materials ETF by 65.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 829 shares of the company’s stock valued at $108,000 after acquiring an additional 329 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in iShares U.S. Basic Materials ETF by 224.8% in the fourth quarter. US Bancorp DE now owns 1,299 shares of the company’s stock valued at $169,000 after acquiring an additional 899 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Down 0.6%

Shares of NYSEARCA IYM opened at $138.37 on Monday. The firm has a market cap of $511.97 million, a price-to-earnings ratio of 22.70 and a beta of 1.09. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $153.55. The business’s 50 day moving average is $131.91 and its two-hundred day moving average is $134.45.

About iShares U.S. Basic Materials ETF

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.