Jane Street Group LLC Decreases Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Jane Street Group LLC lowered its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 51.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,991 shares of the company’s stock after selling 17,283 shares during the quarter. Jane Street Group LLC owned approximately 0.35% of iShares U.S. Basic Materials ETF worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of IYM. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter worth $43,121,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Basic Materials ETF by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,029 shares of the company’s stock worth $9,105,000 after purchasing an additional 1,001 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter worth about $7,508,000. Sachetta LLC increased its holdings in iShares U.S. Basic Materials ETF by 3.2% during the 3rd quarter. Sachetta LLC now owns 44,106 shares of the company’s stock valued at $6,623,000 after purchasing an additional 1,370 shares during the period. Finally, AE Wealth Management LLC raised its position in iShares U.S. Basic Materials ETF by 9.4% during the 2nd quarter. AE Wealth Management LLC now owns 14,867 shares of the company’s stock valued at $2,082,000 after purchasing an additional 1,283 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM stock opened at $131.18 on Monday. iShares U.S. Basic Materials ETF has a fifty-two week low of $129.71 and a fifty-two week high of $153.55. The firm has a market cap of $603.43 million, a P/E ratio of 13.76 and a beta of 0.87. The business’s 50 day moving average price is $145.33 and its 200-day moving average price is $143.92.

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.