Goldman Sachs Group Inc. Has $4.45 Million Stock Position in iShares U.S. Basic Materials ETF $IYM

Goldman Sachs Group Inc. reduced its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 25.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,027 shares of the company’s stock after selling 11,340 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.85% of iShares U.S. Basic Materials ETF worth $4,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC increased its position in iShares U.S. Basic Materials ETF by 266.1% during the 1st quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after purchasing an additional 4,148 shares during the period. Jones Financial Companies Lllp increased its position in shares of iShares U.S. Basic Materials ETF by 1,430.4% during the first quarter. Jones Financial Companies Lllp now owns 32,108 shares of the company’s stock worth $4,328,000 after buying an additional 30,010 shares during the period. Curi RMB Capital LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth $3,104,000. Northwestern Mutual Wealth Management Co. grew its holdings in iShares U.S. Basic Materials ETF by 6.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 71,150 shares of the company’s stock worth $9,591,000 after acquiring an additional 4,334 shares during the period. Finally, PGIM Custom Harvest LLC grew its holdings in iShares U.S. Basic Materials ETF by 1.1% during the 1st quarter. PGIM Custom Harvest LLC now owns 301,931 shares of the company’s stock worth $40,700,000 after acquiring an additional 3,318 shares during the period.

iShares U.S. Basic Materials ETF Trading Up 0.2%

Shares of iShares U.S. Basic Materials ETF stock opened at $148.41 on Thursday. The business has a 50-day moving average price of $146.07 and a two-hundred day moving average price of $138.15. iShares U.S. Basic Materials ETF has a 1-year low of $115.07 and a 1-year high of $153.55. The company has a market cap of $578.80 million, a P/E ratio of 22.43 and a beta of 1.14.

iShares U.S. Basic Materials ETF Company 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.