Gerald Baker Financial Group LLC bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,462 shares of the company’s stock, valued at approximately $4,831,000. iShares U.S. Basic Materials ETF accounts for about 1.6% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 19th biggest holding.
A number of other large investors have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID purchased a new stake in iShares U.S. Basic Materials ETF during the 4th quarter worth $36,000. Turtle Creek Wealth Advisors LLC purchased a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at about $36,000. Pin Oak Investment Advisors Inc. purchased a new position in iShares U.S. Basic Materials ETF in the 4th quarter valued at about $38,000. Strive Financial Group LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at about $39,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter valued at about $40,000.
iShares U.S. Basic Materials ETF Stock Performance
Shares of NYSEARCA IYM opened at $175.12 on Friday. iShares U.S. Basic Materials ETF has a 1 year low of $138.03 and a 1 year high of $191.37. The stock’s 50-day simple moving average is $182.33 and its 200-day simple moving average is $178.34. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96.
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.
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