Reston Wealth Management LLC purchased a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 336 shares of the company’s stock, valued at approximately $50,000.
A number of other institutional investors also recently modified their holdings of IYM. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Basic Materials ETF in the second quarter worth approximately $43,121,000. Cetera Investment Advisers grew its stake in shares of iShares U.S. Basic Materials ETF by 1,018.8% in the 1st quarter. Cetera Investment Advisers now owns 17,767 shares of the company’s stock valued at $2,625,000 after purchasing an additional 16,179 shares during the period. NewEdge Advisors LLC raised its stake in iShares U.S. Basic Materials ETF by 1,626.1% during the second quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock worth $2,018,000 after acquiring an additional 13,578 shares in the last quarter. Sachetta LLC grew its stake in iShares U.S. Basic Materials ETF by 22.5% during the second quarter. Sachetta LLC now owns 42,736 shares of the company’s stock worth $6,105,000 after buying an additional 7,838 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $746,000.
iShares U.S. Basic Materials ETF Stock Down 1.5 %
iShares U.S. Basic Materials ETF stock opened at $145.49 on Friday. iShares U.S. Basic Materials ETF has a 12-month low of $121.06 and a 12-month high of $153.55. The stock has a 50-day simple moving average of $147.04 and a 200 day simple moving average of $144.00. The stock has a market capitalization of $669.25 million, a price-to-earnings 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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