IFP Advisors Inc Increases Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

IFP Advisors Inc increased its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 146.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 673 shares of the company’s stock after purchasing an additional 400 shares during the quarter. IFP Advisors Inc’s holdings in iShares U.S. Basic Materials ETF were worth $87,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Signal Advisors Wealth LLC grew its position in shares of iShares U.S. Basic Materials ETF by 3.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock valued at $321,000 after purchasing an additional 76 shares in the last quarter. Focus Financial Network Inc. grew its position in iShares U.S. Basic Materials ETF by 5.1% during the fourth quarter. Focus Financial Network Inc. now owns 1,704 shares of the company’s stock worth $221,000 after buying an additional 83 shares in the last quarter. HighTower Advisors LLC grew its position in iShares U.S. Basic Materials ETF by 3.3% during the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock worth $528,000 after buying an additional 111 shares in the last quarter. EP Wealth Advisors LLC grew its position in iShares U.S. Basic Materials ETF by 9.7% during the third quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after buying an additional 112 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in iShares U.S. Basic Materials ETF by 11.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after buying an additional 169 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Up 2.7 %

iShares U.S. Basic Materials ETF stock opened at $137.09 on Thursday. iShares U.S. Basic Materials ETF has a 52 week low of $128.19 and a 52 week high of $153.55. The business has a 50-day simple moving average of $135.76 and a 200 day simple moving average of $141.83. The stock has a market cap of $534.65 million, a price-to-earnings ratio of 22.47 and a beta of 1.15.

iShares U.S. Basic Materials ETF Company 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.