Wealth Enhancement Advisory Services LLC Increases Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Wealth Enhancement Advisory Services LLC raised its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,622 shares of the company’s stock after buying an additional 527 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of iShares U.S. Basic Materials ETF worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IYM. American National Bank & Trust bought a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at $83,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of iShares U.S. Basic Materials ETF by 65.8% during 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 in the last quarter. US Bancorp DE increased its holdings in shares of iShares U.S. Basic Materials ETF by 224.8% during 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 in the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at $202,000. Finally, Magnus Financial Group LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at $252,000.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA IYM opened at $144.71 on Friday. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $153.55. The stock has a 50-day moving average of $135.95 and a 200 day moving average of $134.30. The company has a market capitalization of $564.37 million, a price-to-earnings ratio of 22.70 and a beta of 1.14.

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.