iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,792 shares of the company’s stock after purchasing an additional 257 shares during the period. Stifel Financial Corp owned 0.08% of iShares U.S. Basic Materials ETF worth $570,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IYM. Fairfield Financial Advisors LTD purchased a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth approximately $45,000. Reston Wealth Management LLC acquired a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter worth $50,000. Truvestments Capital LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter worth $71,000. CWM LLC raised its position in shares of iShares U.S. Basic Materials ETF by 15.3% in the third quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after buying an additional 96 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of iShares U.S. Basic Materials ETF in the third quarter worth about $206,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $131.75 on Friday. The business’s 50 day moving average price is $143.72 and its 200 day moving average price is $143.59. The company has a market cap of $606.05 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 $129.71 and a one year high of $153.55.

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.