2,174 Shares in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Purchased by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the fourth quarter, Holdings Channel.com reports. The fund acquired 2,174 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter worth about $7,508,000. Sachetta LLC lifted its holdings in 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 worth $6,623,000 after purchasing an additional 1,370 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in iShares U.S. Basic Materials ETF by 34.9% during the 3rd quarter. Prospera Financial Services Inc now owns 8,739 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,263 shares in the last quarter. Private Advisor Group LLC lifted its holdings in iShares U.S. Basic Materials ETF by 40.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock worth $708,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF during the 4th quarter worth about $533,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM opened at $138.35 on Thursday. The stock’s 50-day simple moving average is $135.38 and its 200 day simple moving average is $141.98. The stock has a market capitalization of $636.41 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 52-week low of $128.19 and a 52-week high of $153.55.

iShares U.S. Basic Materials ETF 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.