24,055 Shares in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,055 shares of the company’s stock, valued at approximately $3,125,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYM. Commonwealth Equity Services LLC grew its stake in iShares U.S. Basic Materials ETF by 6.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 33,224 shares of the company’s stock valued at $4,317,000 after acquiring an additional 1,978 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in iShares U.S. Basic Materials ETF by 13.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,000 shares of the company’s stock valued at $650,000 after purchasing an additional 600 shares during the period. PNC Financial Services Group Inc. grew its position in shares of iShares U.S. Basic Materials ETF by 926.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,357 shares of the company’s stock valued at $696,000 after purchasing an additional 4,835 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth $2,091,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of iShares U.S. Basic Materials ETF by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,910 shares of the company’s stock worth $898,000 after buying an additional 420 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA:IYM opened at $136.41 on Wednesday. The firm has a market capitalization of $518.36 million, a price-to-earnings ratio of 24.29 and a beta of 1.15. The stock has a fifty day moving average of $136.84 and a 200 day moving average of $141.22. 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 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.