33,071 Shares in iShares U.S. Basic Materials ETF $IYM Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,071 shares of the company’s stock, valued at approximately $4,901,000. iShares U.S. Basic Materials ETF makes up approximately 1.2% of Tcfg Wealth Management LLC’s holdings, making the stock its 17th largest position. Tcfg Wealth Management LLC owned approximately 0.94% of iShares U.S. Basic Materials ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of IYM. Simplex Trading LLC boosted its stake in iShares U.S. Basic Materials ETF by 442.0% in the 2nd quarter. Simplex Trading LLC now owns 271 shares of the company’s stock worth $37,000 after purchasing an additional 221 shares in the last quarter. United Financial Planning Group LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter valued at approximately $41,000. Parkside Financial Bank & Trust purchased a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter valued at approximately $52,000. Blair William & Co. IL increased its position in shares of iShares U.S. Basic Materials ETF by 794.9% during the third quarter. Blair William & Co. IL now owns 528 shares of the company’s stock valued at $78,000 after acquiring an additional 469 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $110,000.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA IYM opened at $170.81 on Thursday. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $189.80. The stock has a 50-day moving average of $177.15 and a 200 day moving average of $158.73. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.43 and a beta of 1.07.

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.