Fmr LLC Cuts Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Fmr LLC decreased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the company’s stock after selling 338 shares during the quarter. Fmr LLC owned 0.05% of iShares U.S. Basic Materials ETF worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. &PARTNERS increased its position in iShares U.S. Basic Materials ETF by 38.2% in the second quarter. &PARTNERS now owns 5,328 shares of the company’s stock worth $746,000 after purchasing an additional 1,472 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of iShares U.S. Basic Materials ETF in the 2nd quarter worth about $247,000. IFG Advisory LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $432,000. Sachetta LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 22.5% in the 2nd 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 during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in iShares U.S. Basic Materials ETF by 10.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock worth $616,000 after acquiring an additional 400 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of IYM stock opened at $129.84 on Friday. The company has a market cap of $597.26 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1 year low of $129.79 and a 1 year high of $153.55. The stock’s 50 day simple moving average is $145.73 and its two-hundred day simple moving average is $144.00.

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.