Flow Traders U.S. LLC bought a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,562 shares of the company’s stock, valued at approximately $385,000.
Several other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its holdings in iShares U.S. Basic Materials ETF by 15.3% in the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares during the period. Focus Financial Network Inc. boosted its holdings in iShares U.S. Basic Materials ETF by 7.4% in the 3rd quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock worth $243,000 after buying an additional 111 shares during the period. Foguth Wealth Management LLC. boosted its holdings in iShares U.S. Basic Materials ETF by 5.5% in the 2nd quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock worth $373,000 after buying an additional 139 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $45,000. Finally, Reston Wealth Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter valued at about $50,000.
iShares U.S. Basic Materials ETF Stock Down 0.9 %
IYM opened at $145.89 on Thursday. The firm has a 50-day simple moving average of $148.15 and a two-hundred day simple moving average of $144.51. iShares U.S. Basic Materials ETF has a 52 week low of $129.75 and a 52 week high of $153.55. The company has a market capitalization of $671.09 million, a PE ratio of 13.76 and a beta of 0.87.
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.
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