iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sets New 12-Month High – Here’s What Happened

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) shares hit a new 52-week high on Friday . The company traded as high as $192.90 and last traded at $192.90, with a volume of 4657 shares changing hands. The stock had previously closed at $190.34.

iShares U.S. Basic Materials ETF Stock Performance

The firm has a market capitalization of $1.29 billion, a P/E ratio of 22.43 and a beta of 0.96. The stock’s 50 day simple moving average is $181.85 and its 200 day simple moving average is $181.14.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of large investors have recently modified their holdings of IYM. Comerica Bank boosted its position in 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 worth $380,000 after purchasing an additional 83 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of iShares U.S. Basic Materials ETF by 6.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,593 shares of the company’s stock valued at $236,000 after purchasing an additional 91 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of iShares U.S. Basic Materials ETF by 0.8% during the 4th quarter. Sanctuary Advisors LLC now owns 12,880 shares of the company’s stock valued at $1,983,000 after purchasing an additional 103 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 3.5% in the 4th quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock valued at $629,000 after purchasing an additional 137 shares during the period. Finally, Compass Financial Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $29,000.

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.