Wealth Enhancement Advisory Services LLC Raises Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Wealth Enhancement Advisory Services LLC lifted its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,635 shares of the company’s stock after buying an additional 169 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares U.S. Basic Materials ETF were worth $212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IYM. CWM LLC boosted its position in iShares U.S. Basic Materials ETF by 15.3% during the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after purchasing an additional 96 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of iShares U.S. Basic Materials ETF by 7.4% during the 3rd quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock worth $243,000 after buying an additional 111 shares during the period. HighTower Advisors LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after buying an additional 111 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in iShares U.S. Basic Materials ETF by 9.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock valued at $191,000 after buying an additional 112 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter worth approximately $26,000.

iShares U.S. Basic Materials ETF Stock Up 0.8 %

Shares of IYM opened at $137.47 on Friday. The firm’s fifty day moving average is $138.22 and its two-hundred day moving average is $142.51. The stock has a market cap of $632.36 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 52-week low of $128.19 and a 52-week high of $153.55.

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.