Steward Partners Investment Advisory LLC Grows Stock Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Steward Partners Investment Advisory LLC increased its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,910 shares of the company’s stock after purchasing an additional 420 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.15% of iShares U.S. Basic Materials ETF worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IYM. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Basic Materials ETF during the third quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. bought a new stake in iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in iShares U.S. Basic Materials ETF during the third quarter valued at approximately $71,000. Finally, IFP Advisors Inc grew its position in iShares U.S. Basic Materials ETF by 146.5% during the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after buying an additional 400 shares during the period.

iShares U.S. Basic Materials ETF Trading Down 2.4 %

Shares of NYSEARCA IYM opened at $134.40 on Tuesday. The firm has a 50 day moving average of $136.10 and a 200 day moving average of $141.72. The firm has a market capitalization of $510.72 million, a price-to-earnings ratio of 24.29 and a beta of 1.15. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55.

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.