Daiwa Securities Group Inc. Has $616,000 Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Daiwa Securities Group Inc. raised its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,400 shares of the company’s stock after buying an additional 400 shares during the quarter. Daiwa Securities Group Inc. owned about 0.10% of iShares U.S. Basic Materials ETF worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sachetta LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 22.5% in the second quarter. Sachetta LLC now owns 42,736 shares of the company’s stock valued at $6,105,000 after acquiring an additional 7,838 shares in the last quarter. IFG Advisory LLC acquired a new position in iShares U.S. Basic Materials ETF in the second quarter valued at $432,000. Arkadios Wealth Advisors bought a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $247,000. &PARTNERS boosted its holdings in shares of iShares U.S. Basic Materials ETF by 38.2% during the 2nd quarter. &PARTNERS now owns 5,328 shares of the company’s stock worth $746,000 after buying an additional 1,472 shares in the last quarter. Finally, Foguth Wealth Management LLC. grew its holdings in iShares U.S. Basic Materials ETF by 5.5% in the second quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock worth $373,000 after purchasing an additional 139 shares during the period.

iShares U.S. Basic Materials ETF Stock Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $144.71 on Tuesday. The stock has a 50 day moving average price of $141.96 and a two-hundred day moving average price of $142.94. iShares U.S. Basic Materials ETF has a 52 week low of $119.22 and a 52 week high of $149.79. The stock has a market capitalization of $665.66 million, a PE ratio of 13.76 and a beta of 0.87.

iShares U.S. Basic Materials ETF 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.