Park Avenue Securities LLC Raises Stock Position in iShares U.S. Basic Materials ETF $IYM

Park Avenue Securities LLC boosted its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 17.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,278 shares of the company’s stock after purchasing an additional 480 shares during the period. Park Avenue Securities LLC owned approximately 0.08% of iShares U.S. Basic Materials ETF worth $459,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in iShares U.S. Basic Materials ETF by 4,600.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 282 shares of the company’s stock valued at $39,000 after purchasing an additional 276 shares in the last quarter. CX Institutional acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $67,000. Wealth Enhancement Advisory Services LLC grew its holdings in iShares U.S. Basic Materials ETF by 5.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,818 shares of the company’s stock valued at $552,000 after purchasing an additional 196 shares in the last quarter. Focus Financial Network Inc. grew its holdings in iShares U.S. Basic Materials ETF by 7.1% during the 2nd quarter. Focus Financial Network Inc. now owns 1,850 shares of the company’s stock valued at $259,000 after purchasing an additional 123 shares in the last quarter. Finally, Sovran Advisors LLC grew its holdings 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 valued at $550,000 after purchasing an additional 1,036 shares in the last quarter.

iShares U.S. Basic Materials ETF Trading Up 0.3%

IYM opened at $147.59 on Tuesday. The company has a fifty day simple moving average of $146.63 and a 200 day simple moving average of $138.91. The firm has a market cap of $575.60 million, a price-to-earnings ratio of 22.43 and a beta of 1.14. iShares U.S. Basic Materials ETF has a twelve month low of $115.07 and a twelve month high of $153.55.

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.