iShares U.S. Basic Materials ETF $IYM Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. reduced its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,195 shares of the company’s stock after selling 4,116 shares during the period. Osaic Holdings Inc. owned approximately 0.47% of iShares U.S. Basic Materials ETF worth $2,548,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IYM. Simplex Trading LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 442.0% in the second quarter. Simplex Trading LLC now owns 271 shares of the company’s stock worth $37,000 after buying an additional 221 shares during the period. Farther Finance Advisors LLC lifted its position 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 worth $39,000 after acquiring an additional 276 shares in the last quarter. CX Institutional acquired a new position in iShares U.S. Basic Materials ETF during the 2nd quarter worth approximately $67,000. AlphaCore Capital LLC purchased a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $110,000. Finally, Ameritas Advisory Services LLC purchased a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $144,000.

iShares U.S. Basic Materials ETF Stock Up 0.5%

IYM opened at $157.60 on Friday. The firm has a market capitalization of $551.60 million, a P/E ratio of 22.43 and a beta of 1.07. The firm’s 50 day moving average is $147.69 and its 200-day moving average is $146.14. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $157.90.

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.