475 Shares in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Bought by Truvestments Capital LLC

Truvestments Capital LLC acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 475 shares of the company’s stock, valued at approximately $71,000.

Other large investors have also modified their holdings of the company. Fairfield Financial Advisors LTD acquired a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $45,000. Reston Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the 3rd quarter valued at $50,000. CWM LLC raised its stake in iShares U.S. Basic Materials ETF by 15.3% during the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after purchasing an additional 96 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in iShares U.S. Basic Materials ETF during the 3rd quarter valued at $206,000. Finally, J.W. Cole Advisors Inc. acquired a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $227,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM stock opened at $146.86 on Wednesday. iShares U.S. Basic Materials ETF has a 52-week low of $128.90 and a 52-week high of $153.55. The stock has a market cap of $675.55 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The firm has a fifty day moving average of $148.05 and a 200-day moving average of $144.46.

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.