LPL Financial LLC Has $9.96 Million Stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

LPL Financial LLC grew its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,627 shares of the company’s stock after buying an additional 10,887 shares during the quarter. LPL Financial LLC owned 1.67% of iShares U.S. Basic Materials ETF worth $9,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Basic Materials ETF during the third quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $28,000. Farmers & Merchants Investments Inc. bought a new position in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $42,000. IFP Advisors Inc boosted its stake in shares of iShares U.S. Basic Materials ETF by 146.5% in the 4th quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after purchasing an additional 400 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares U.S. Basic Materials ETF by 65.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 829 shares of the company’s stock valued at $108,000 after purchasing an additional 329 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

IYM stock opened at $121.01 on Friday. The stock has a market cap of $453.79 million, a price-to-earnings ratio of 24.02 and a beta of 1.15. The company has a 50 day simple moving average of $136.61 and a 200 day simple moving average of $140.54. iShares U.S. Basic Materials ETF has a 1 year low of $120.78 and a 1 year high of $153.55.

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.