Independence Bank of Kentucky Sells 250 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Independence Bank of Kentucky trimmed its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 10.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,175 shares of the company’s stock after selling 250 shares during the period. Independence Bank of Kentucky owned approximately 0.05% of iShares U.S. Basic Materials ETF worth $321,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sachetta LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth $4,822,000. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at about $3,898,000. Counterweight Ventures LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at about $1,764,000. Wealthstar Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $1,493,000. Finally, Kellett Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth about $1,195,000.

iShares U.S. Basic Materials ETF Stock Down 0.1 %

Shares of iShares U.S. Basic Materials ETF stock opened at $140.01 on Friday. iShares U.S. Basic Materials ETF has a 52 week low of $119.22 and a 52 week high of $149.79. The business has a 50 day moving average price of $143.22 and a 200-day moving average price of $140.34. The company has a market cap of $644.05 million, a PE ratio of 13.76 and a beta of 0.87.

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.