EWG Elevate Inc. Has $3 Million Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

EWG Elevate Inc. decreased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 3.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,546 shares of the company’s stock after selling 733 shares during the period. iShares U.S. Basic Materials ETF comprises about 1.2% of EWG Elevate Inc.’s investment portfolio, making the stock its 29th biggest holding. EWG Elevate Inc. owned 0.32% of iShares U.S. Basic Materials ETF worth $3,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 104.5% in the first quarter. Belpointe Asset Management LLC now owns 321 shares of the company’s stock worth $43,000 after purchasing an additional 164 shares in the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $47,000. Laurel Wealth Advisors LLC raised its holdings in shares of iShares U.S. Basic Materials ETF by 117.0% during the first quarter. Laurel Wealth Advisors LLC now owns 371 shares of the company’s stock worth $49,000 after acquiring an additional 200 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth $56,000. Finally, Blair William & Co. IL increased its position in iShares U.S. Basic Materials ETF by 114.6% in the 1st quarter. Blair William & Co. IL now owns 515 shares of the company’s stock worth $77,000 after purchasing an additional 275 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $130.66 on Tuesday. The stock has a 50-day simple moving average of $133.24 and a 200-day simple moving average of $130.63. iShares U.S. Basic Materials ETF has a 52-week low of $106.29 and a 52-week high of $141.48. The firm has a market cap of $777.43 million, a price-to-earnings ratio of 12.00 and a beta of 1.14.

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.