iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Position Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336 shares of the company’s stock after selling 102 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Planning Group LLC raised its stake in iShares U.S. Basic Materials ETF by 15.3% during 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. Cetera Advisors LLC raised its stake in iShares U.S. Basic Materials ETF by 16.0% during the 1st quarter. Cetera Advisors LLC now owns 8,323 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,145 shares during the period. Daiwa Securities Group Inc. raised its stake in iShares U.S. Basic Materials ETF by 10.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock valued at $616,000 after purchasing an additional 400 shares during the period. Arkadios Wealth Advisors acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $247,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $227,000.

iShares U.S. Basic Materials ETF Trading Up 0.5 %

Shares of NYSEARCA:IYM opened at $146.82 on Friday. The stock has a market capitalization of $675.37 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1 year low of $128.90 and a 1 year high of $153.55. The firm has a fifty day moving average price of $147.99 and a 200 day moving average price of $144.43.

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.