HFG Advisors Inc. cut its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 10.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,963 shares of the company’s stock after selling 336 shares during the quarter. HFG Advisors Inc. owned 0.07% of iShares U.S. Basic Materials ETF worth $438,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $28,000. Wetzel Investment Advisors Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $43,000. Anchor Investment Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $45,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $68,000. Finally, CWM LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 15.6% during the 4th quarter. CWM LLC now owns 636 shares of the company’s stock worth $88,000 after acquiring an additional 86 shares in the last quarter.
iShares U.S. Basic Materials ETF Price Performance
Shares of IYM traded down $1.86 during trading hours on Monday, hitting $138.15. 9,613 shares of the company were exchanged, compared to its average volume of 25,822. The company has a market capitalization of $635.49 million, a PE ratio of 13.76 and a beta of 0.87. The firm has a fifty day simple moving average of $143.22 and a 200-day simple moving average of $140.38. iShares U.S. Basic Materials ETF has a one year low of $119.22 and a one year high of $149.79.
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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