HighTower Advisors LLC Purchases 111 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

HighTower Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,522 shares of the company’s stock after buying an additional 111 shares during the period. HighTower Advisors LLC owned about 0.08% of iShares U.S. Basic Materials ETF worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at approximately $43,121,000. BNP Paribas Financial Markets purchased a new position in iShares U.S. Basic Materials ETF during the third quarter worth about $7,508,000. NewEdge Advisors LLC increased its stake in iShares U.S. Basic Materials ETF by 1,626.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock worth $2,018,000 after acquiring an additional 13,578 shares during the last quarter. Sachetta LLC raised 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 in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $746,000.

iShares U.S. Basic Materials ETF Price Performance

IYM stock opened at $131.18 on Friday. The stock has a market cap of $603.43 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a one year low of $129.71 and a one year high of $153.55. The firm has a 50 day simple moving average of $145.73 and a two-hundred day simple moving average of $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.