iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 127.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,098 shares of the company’s stock after acquiring an additional 1,177 shares during the period. Jones Financial Companies Lllp’s holdings in iShares U.S. Basic Materials ETF were worth $273,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares U.S. Basic Materials ETF by 11.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after buying an additional 169 shares during the last quarter. HighTower Advisors LLC raised its position in shares of iShares U.S. Basic Materials ETF by 3.3% in the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after buying an additional 111 shares during the last quarter. Stifel Financial Corp raised its position in shares of iShares U.S. Basic Materials ETF by 7.3% in the third quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock valued at $570,000 after buying an additional 257 shares during the last quarter. IFP Advisors Inc raised its position in shares of iShares U.S. Basic Materials ETF by 146.5% in the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after buying an additional 400 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $593,000.

iShares U.S. Basic Materials ETF Stock Down 0.3 %

Shares of NYSEARCA IYM opened at $133.15 on Thursday. The firm has a 50-day simple moving average of $136.27 and a 200-day simple moving average of $141.59. The stock has a market capitalization of $505.97 million, a price-to-earnings ratio of 24.29 and a beta of 1.15. 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.