AlphaCore Capital LLC Acquires Shares of 784 iShares U.S. Basic Materials ETF $IYM

AlphaCore Capital LLC bought a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 784 shares of the company’s stock, valued at approximately $110,000.

Several other large investors have also recently modified their holdings of the business. Smithfield Trust Co bought a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter valued at approximately $27,000. Simplex Trading LLC raised its holdings in iShares U.S. Basic Materials ETF by 442.0% during the 2nd quarter. Simplex Trading LLC now owns 271 shares of the company’s stock valued at $37,000 after acquiring an additional 221 shares during the period. Farther Finance Advisors LLC raised 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 acquiring an additional 276 shares during the period. CX Institutional purchased a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth $67,000. Finally, 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 acquiring an additional 100 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

iShares U.S. Basic Materials ETF stock opened at $146.36 on Wednesday. The firm has a market capitalization of $512.26 million, a P/E ratio of 22.43 and a beta of 1.07. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $152.55. The business has a fifty day moving average price of $146.27 and a 200-day moving average price of $143.59.

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.