US Bancorp DE Acquires 899 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

US Bancorp DE raised its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 224.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,299 shares of the company’s stock after purchasing an additional 899 shares during the period. US Bancorp DE’s holdings in iShares U.S. Basic Materials ETF were worth $169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signal Advisors Wealth LLC raised its position in iShares U.S. Basic Materials ETF by 3.2% during the 4th 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 during the last quarter. Focus Financial Network Inc. raised its position in iShares U.S. Basic Materials ETF by 5.1% during the 4th quarter. Focus Financial Network Inc. now owns 1,704 shares of the company’s stock valued at $221,000 after purchasing an additional 83 shares during the last quarter. HighTower Advisors LLC raised its position in iShares U.S. Basic Materials ETF by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after purchasing an additional 111 shares during the last quarter. EP Wealth Advisors LLC grew its holdings 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 acquiring an additional 112 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 11.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after acquiring an additional 169 shares during the period.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $135.34 on Friday. The company has a market capitalization of $514.29 million, a price-to-earnings ratio of 24.29 and a beta of 1.15. The business’s 50 day moving average price is $136.57 and its two-hundred day moving average price is $141.37. iShares U.S. Basic Materials ETF has a fifty-two week low of $128.19 and a fifty-two week 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.