iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Large Volume Increase – Should You Buy?

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw an uptick in trading volume on Tuesday . 21,334 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 20,809 shares.The stock last traded at $139.04 and had previously closed at $138.54.

iShares U.S. Basic Materials ETF Stock Up 0.7 %

The stock has a market cap of $641.52 million, a PE ratio of 13.76 and a beta of 0.87. The company has a fifty day moving average price of $135.70 and a 200 day moving average price of $142.03.

Institutional Trading of iShares U.S. Basic Materials ETF

Large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter worth about $26,000. BankPlus Trust Department bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $42,000. Reston Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter valued at approximately $50,000. Finally, Truvestments Capital LLC bought a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter valued at approximately $71,000.

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.