iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Stock Holdings Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,029 shares of the company’s stock after buying an additional 1,001 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.41% of iShares U.S. Basic Materials ETF worth $9,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IYM. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $43,121,000. AE Wealth Management LLC grew its holdings in iShares U.S. Basic Materials ETF by 9.4% during the second quarter. AE Wealth Management LLC now owns 14,867 shares of the company’s stock valued at $2,082,000 after purchasing an additional 1,283 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of iShares U.S. Basic Materials ETF in the second quarter worth about $45,000. J.W. Cole Advisors Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF in the second quarter valued at approximately $227,000. Finally, Stonebridge Financial Planning Group LLC boosted its holdings in iShares U.S. Basic Materials ETF by 15.3% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 6,421 shares of the company’s stock valued at $899,000 after purchasing an additional 850 shares during the period.

iShares U.S. Basic Materials ETF Trading Down 0.2 %

Shares of NYSEARCA IYM opened at $149.91 on Wednesday. The business has a fifty day simple moving average of $143.00 and a 200 day simple moving average of $143.44. The firm has a market capitalization of $689.59 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a one year low of $119.22 and a one year high of $152.61.

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.