Farther Finance Advisors LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 4,600.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282 shares of the company’s stock after purchasing an additional 276 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $39,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Smithfield Trust Co acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $28,000. CX Institutional acquired a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth about $67,000. Picton Mahoney Asset Management lifted its position in shares of iShares U.S. Basic Materials ETF by 12.5% during 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 in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth about $217,000.
iShares U.S. Basic Materials ETF Stock Down 0.3%
Shares of NYSEARCA:IYM opened at $150.02 on Wednesday. The firm’s 50 day moving average price is $146.91 and its 200 day moving average price is $139.43. The stock has a market cap of $532.57 million, a price-to-earnings 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.
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.
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