AE Wealth Management LLC boosted its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,867 shares of the company’s stock after purchasing an additional 1,283 shares during the period. AE Wealth Management LLC owned about 0.32% of iShares U.S. Basic Materials ETF worth $2,082,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD acquired a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth $45,000. Vima LLC purchased a new position in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $119,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter valued at approximately $201,000. Focus Financial Network Inc. ADV acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $205,000. Finally, Trueblood Wealth Management LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $211,000.
iShares U.S. Basic Materials ETF Price Performance
NYSEARCA IYM opened at $147.18 on Tuesday. The business has a 50 day moving average price of $142.40 and a 200 day moving average price of $143.18. The company has a market capitalization of $677.02 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1-year low of $119.22 and a 1-year high of $149.79.
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.
Featured Stories
- Five stocks we like better than iShares U.S. Basic Materials ETF
- Canada Bond Market Holiday: How to Invest and Trade
- The Average 401k Balance by Age Explained
- What is the NASDAQ Stock Exchange?
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
