Focus Financial Network Inc. Has $259,000 Stock Position in iShares U.S. Basic Materials ETF $IYM

Focus Financial Network Inc. raised its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850 shares of the company’s stock after purchasing an additional 123 shares during the period. Focus Financial Network Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sovran Advisors LLC increased its position in iShares U.S. Basic Materials ETF by 37.1% during the 2nd quarter. Sovran Advisors LLC now owns 3,830 shares of the company’s stock worth $550,000 after purchasing an additional 1,036 shares in the last quarter. 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 worth $769,000 after purchasing an additional 4,148 shares in the last quarter. Jones Financial Companies Lllp increased its position in iShares U.S. Basic Materials ETF by 1,430.4% during the 1st quarter. Jones Financial Companies Lllp now owns 32,108 shares of the company’s stock worth $4,328,000 after purchasing an additional 30,010 shares in the last quarter. Curi RMB Capital LLC acquired a new position in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $3,104,000. Finally, Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 4,334 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

Shares of NYSEARCA IYM opened at $149.15 on Monday. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $153.55. The firm has a 50 day moving average price of $146.21 and a two-hundred day moving average price of $138.36. The stock has a market cap of $581.69 million, a P/E ratio of 22.43 and a beta of 1.14.

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.