Focus Partners Wealth Sells 3,787 Shares of iShares U.S. Basic Materials ETF $IYM

Focus Partners Wealth lowered its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 22.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,893 shares of the company’s stock after selling 3,787 shares during the quarter. Focus Partners Wealth owned about 0.35% of iShares U.S. Basic Materials ETF worth $1,738,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Smithfield Trust Co bought a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $27,000. Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $28,000. American National Bank & Trust bought a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $83,000. Picton Mahoney Asset Management increased its holdings in shares of iShares U.S. Basic Materials ETF by 12.5% in the first quarter. Picton Mahoney Asset Management now owns 900 shares of the company’s stock worth $121,000 after purchasing an additional 100 shares during the period. Finally, Gilman Hill Asset Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $202,000.

iShares U.S. Basic Materials ETF Stock Performance

iShares U.S. Basic Materials ETF stock opened at $148.09 on Wednesday. iShares U.S. Basic Materials ETF has a fifty-two week low of $115.07 and a fifty-two week high of $153.55. The firm’s fifty day moving average price is $145.99 and its 200-day moving average price is $138.08. The stock has a market cap of $577.55 million, a P/E ratio of 22.43 and a beta of 1.14.

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.