LPL Financial LLC lifted its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,942 shares of the company’s stock after buying an additional 7,315 shares during the quarter. LPL Financial LLC owned about 2.27% of iShares U.S. Basic Materials ETF worth $11,315,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYM. Golden State Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF in the first quarter valued at about $28,000. American National Bank & Trust bought a new position in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $83,000. Gilman Hill Asset Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $202,000. Janney Montgomery Scott LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the first quarter worth approximately $217,000. Finally, CWM LLC raised its position in shares of iShares U.S. Basic Materials ETF by 167.0% during the first quarter. CWM LLC now owns 1,797 shares of the company’s stock worth $242,000 after purchasing an additional 1,124 shares during the period.
iShares U.S. Basic Materials ETF Trading Up 0.4%
NYSEARCA IYM opened at $142.72 on Friday. The firm has a market capitalization of $556.61 million, a P/E ratio of 22.43 and a beta of 1.14. The business has a fifty day simple moving average of $141.45 and a 200 day simple moving average of $136.33. iShares U.S. Basic Materials ETF has a 12 month low of $115.07 and a 12 month high of $153.55.
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.
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