WealthCare Asset Management LLC Takes Position in iShares U.S. Basic Materials ETF $IYM

WealthCare Asset Management LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 49,908 shares of the company’s stock, valued at approximately $8,780,000. iShares U.S. Basic Materials ETF makes up 9.3% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other institutional investors have also recently bought and sold shares of IYM. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares U.S. Basic Materials ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,000 shares of the company’s stock worth $652,000 after buying an additional 69 shares in the last quarter. Comerica Bank increased its stake in shares of iShares U.S. Basic Materials ETF by 3.3% in the 3rd quarter. Comerica Bank now owns 2,566 shares of the company’s stock valued at $380,000 after buying an additional 83 shares during the period. Magnus Financial Group LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 4.6% in the 4th quarter. Magnus Financial Group LLC now owns 2,035 shares of the company’s stock valued at $313,000 after buying an additional 90 shares during the period. CreativeOne Wealth LLC raised its position in shares of iShares U.S. Basic Materials ETF by 6.1% during the third quarter. CreativeOne Wealth LLC now owns 1,593 shares of the company’s stock worth $236,000 after acquiring an additional 91 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of iShares U.S. Basic Materials ETF by 0.8% during the fourth quarter. Sanctuary Advisors LLC now owns 12,880 shares of the company’s stock worth $1,983,000 after acquiring an additional 103 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Up 0.7%

Shares of IYM traded up $1.23 during trading hours on Friday, hitting $178.24. 173,118 shares of the stock traded hands, compared to its average volume of 234,048. The business has a fifty day moving average of $182.86 and a 200-day moving average of $177.64. The firm has a market capitalization of $1.31 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 1-year low of $138.03 and a 1-year high of $191.37.

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.