Citigroup Inc. Lowers Stake in iShares U.S. Basic Materials ETF $IYM

Citigroup Inc. lessened its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 49.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,813 shares of the company’s stock after selling 200,931 shares during the period. Citigroup Inc. owned 5.82% of iShares U.S. Basic Materials ETF worth $30,207,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 2,050 shares of the company’s stock valued at $304,000 after purchasing an additional 187 shares during the period. Cardinal Point Capital Management ULC bought a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth $202,000. Jones Financial Companies Lllp increased its position in iShares U.S. Basic Materials ETF by 38.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,450 shares of the company’s stock valued at $508,000 after purchasing an additional 959 shares during the period. Mutual Advisors LLC raised its stake in iShares U.S. Basic Materials ETF by 5.1% in the third quarter. Mutual Advisors LLC now owns 8,147 shares of the company’s stock worth $1,213,000 after buying an additional 397 shares in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at $52,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $187.39 on Thursday. The company has a market capitalization of $1.18 billion, a PE ratio of 22.43 and a beta of 1.07. The company has a 50-day simple moving average of $170.31 and a two-hundred day simple moving average of $155.30. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $188.63.

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.