iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sets New 12-Month High at $150.18

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) hit a new 52-week high on Tuesday . The stock traded as high as $150.18 and last traded at $150.18, with a volume of 2513 shares traded. The stock had previously closed at $147.18.

iShares U.S. Basic Materials ETF Price Performance

The firm has a 50 day moving average of $142.40 and a two-hundred day moving average of $143.18. The stock has a market cap of $690.51 million, a PE ratio of 13.76 and a beta of 0.87.

Institutional Trading of iShares U.S. Basic Materials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairfield Financial Advisors LTD acquired a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth about $45,000. Vima LLC purchased a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $119,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $201,000. Focus Financial Network Inc. ADV purchased a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $205,000. Finally, Trueblood Wealth Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the first quarter valued at approximately $211,000.

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.