JPMorgan Chase & Co. Sells 2,011 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

JPMorgan Chase & Co. lessened its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 40.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,965 shares of the company’s stock after selling 2,011 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of iShares U.S. Basic Materials ETF worth $445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its stake in iShares U.S. Basic Materials ETF by 15.3% in the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after buying an additional 96 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of iShares U.S. Basic Materials ETF by 7.4% in the 3rd quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock valued at $243,000 after purchasing an additional 111 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock worth $528,000 after purchasing an additional 111 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of iShares U.S. Basic Materials ETF by 9.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after purchasing an additional 112 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Basic Materials ETF in the third quarter valued at approximately $26,000.

iShares U.S. Basic Materials ETF Stock Performance

iShares U.S. Basic Materials ETF stock opened at $136.68 on Wednesday. The firm has a market cap of $628.73 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 52 week low of $128.19 and a 52 week high of $153.55. The business’s fifty day moving average is $137.29 and its two-hundred day moving average is $142.37.

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.