Bank of Nova Scotia Increases Holdings in iShares U.S. Basic Materials ETF $IYM

Bank of Nova Scotia increased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 191.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,110 shares of the company’s stock after acquiring an additional 48,710 shares during the period. Bank of Nova Scotia owned approximately 0.85% of iShares U.S. Basic Materials ETF worth $13,037,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IYM. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF during the first quarter worth $36,000. Ascentis Independent Advisors acquired a new position in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth $40,000. Legacy Wealth Managment LLC ID acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $36,000. Angeles Wealth Management LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 1st quarter worth about $41,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth about $38,000.

iShares U.S. Basic Materials ETF Trading Up 0.7%

NYSEARCA:IYM opened at $178.50 on Friday. The firm has a 50-day moving average price of $181.19 and a two-hundred day moving average price of $179.06. iShares U.S. Basic Materials ETF has a twelve month low of $138.03 and a twelve month high of $191.37. The company has a market capitalization of $1.14 billion, a P/E ratio of 22.43 and a beta of 0.96.

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.