EP Wealth Advisors LLC Raises Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

EP Wealth Advisors LLC increased its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 9.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,269 shares of the company’s stock after purchasing an additional 112 shares during the period. EP Wealth Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $191,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IYM. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at $43,121,000. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares U.S. Basic Materials ETF by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,029 shares of the company’s stock valued at $9,105,000 after acquiring an additional 1,001 shares during the period. BNP Paribas Financial Markets purchased a new position in iShares U.S. Basic Materials ETF in the third quarter worth about $7,508,000. Sachetta LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 3.2% during the 3rd quarter. Sachetta LLC now owns 44,106 shares of the company’s stock valued at $6,623,000 after purchasing an additional 1,370 shares during the period. Finally, AE Wealth Management LLC increased its position in shares of iShares U.S. Basic Materials ETF by 9.4% during the 2nd quarter. AE Wealth Management LLC now owns 14,867 shares of the company’s stock valued at $2,082,000 after purchasing an additional 1,283 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Down 1.1 %

IYM opened at $138.65 on Friday. The company’s 50 day moving average is $146.98 and its 200 day moving average is $144.32. The company has a market cap of $637.79 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 12-month low of $129.79 and a 12-month high of $153.55.

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.