1,611 Shares in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,611 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $83,000. Whittier Trust Co. of Nevada Inc. increased its position 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 worth $108,000 after purchasing an additional 329 shares in the last quarter. US Bancorp DE increased its position 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 worth $169,000 after purchasing an additional 899 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $202,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $252,000.

iShares U.S. Basic Materials ETF Stock Down 0.0%

Shares of NYSEARCA:IYM opened at $144.71 on Monday. The company has a market cap of $564.37 million, a P/E ratio of 22.70 and a beta of 1.14. iShares U.S. Basic Materials ETF has a 52 week low of $115.07 and a 52 week high of $153.55. The company has a 50-day moving average price of $135.95 and a 200 day moving average price of $134.33.

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.