Commonwealth Equity Services LLC lessened its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,063 shares of the company’s stock after selling 2,759 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares U.S. Basic Materials ETF were worth $4,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in IYM. Jane Street Group LLC increased its position in iShares U.S. Basic Materials ETF by 266.1% in the 1st quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after acquiring an additional 4,148 shares during the period. Baird Financial Group Inc. acquired a new position in iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $203,000. Daiwa Securities Group Inc. increased its position in iShares U.S. Basic Materials ETF by 7.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock valued at $749,000 after acquiring an additional 350 shares during the period. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $44,278,000. Finally, Vivaldi Capital Management LP acquired a new position in iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $295,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of IYM stock opened at $181.59 on Monday. The stock has a market capitalization of $1.58 billion, a PE ratio of 22.43 and a beta of 0.95. iShares U.S. Basic Materials ETF has a 52-week low of $135.94 and a 52-week high of $189.80. The stock’s 50-day moving average price is $182.31 and its 200 day moving average price is $171.92.
About iShares U.S. Basic Materials ETF
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.
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