BankPlus Trust Department bought a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 214 shares of the company’s stock, valued at approximately $28,000.
A number of other large investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new position in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $42,000. Reston Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the third quarter worth about $50,000. Truvestments Capital LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the third quarter worth about $71,000. Finally, IFP Advisors Inc lifted its holdings in shares of iShares U.S. Basic Materials ETF by 146.5% in the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock worth $87,000 after acquiring an additional 400 shares during the last quarter.
iShares U.S. Basic Materials ETF Trading Up 0.5 %
Shares of iShares U.S. Basic Materials ETF stock opened at $138.23 on Wednesday. The firm’s 50 day moving average is $135.23 and its 200 day moving average is $141.94. The firm has a market capitalization of $539.10 million, a PE ratio of 22.47 and a beta of 1.15. iShares U.S. Basic Materials ETF has a 1 year low of $128.19 and a 1 year 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.
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