Geneos Wealth Management Inc. Has $166,000 Stock Position in iShares U.S. Basic Materials ETF $IYM

Geneos Wealth Management Inc. reduced its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,228 shares of the company’s stock after selling 310 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $166,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IYM. Smithfield Trust Co acquired a new position in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $28,000. American National Bank & Trust acquired a new position in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $83,000. Picton Mahoney Asset Management raised its stake in iShares U.S. Basic Materials ETF by 12.5% during the 1st quarter. Picton Mahoney Asset Management now owns 900 shares of the company’s stock worth $121,000 after buying an additional 100 shares during the period. Finally, Gilman Hill Asset Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $202,000.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $148.09 on Wednesday. The company 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 has a fifty-two week low of $115.07 and a fifty-two week high of $153.55. The stock’s 50 day simple moving average is $145.99 and its 200 day simple moving average is $138.08.

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.