J.W. Cole Advisors Inc. acquired a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,618 shares of the company’s stock, valued at approximately $227,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYM. Vima LLC purchased a new stake in iShares U.S. Basic Materials ETF in the 4th quarter worth about $119,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in iShares U.S. Basic Materials ETF in the 1st quarter worth about $201,000. Focus Financial Network Inc. ADV purchased a new stake in iShares U.S. Basic Materials ETF in the 4th quarter worth about $205,000. Trueblood Wealth Management LLC purchased a new stake in iShares U.S. Basic Materials ETF in the 1st quarter worth about $211,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in iShares U.S. Basic Materials ETF in the 1st quarter worth about $214,000.
iShares U.S. Basic Materials ETF Stock Performance
Shares of NYSEARCA:IYM opened at $144.20 on Thursday. The firm has a market cap of $663.33 million, a PE ratio of 13.76 and a beta of 0.87. The firm’s 50 day simple moving average is $142.15 and its 200-day simple moving average is $143.03. iShares U.S. Basic Materials ETF has a one year low of $119.22 and a one year high of $149.79.
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.
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