iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Strong Trading Volume

Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw unusually-strong trading volume on Wednesday . Approximately 313,398 shares traded hands during trading, an increase of 1,006% from the previous session’s volume of 28,337 shares.The stock last traded at $140.09 and had previously closed at $138.67.

iShares U.S. Basic Materials ETF Trading Up 1.0 %

The stock has a market capitalization of $644.41 million, a PE ratio of 13.76 and a beta of 0.87. The stock has a 50 day moving average price of $143.10 and a 200-day moving average price of $140.41.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF in the 4th quarter worth $28,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $43,000. Anchor Investment Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $45,000. Atlantic Edge Private Wealth Management LLC purchased a new position in iShares U.S. Basic Materials ETF in the 4th quarter worth approximately $68,000. Finally, CWM LLC boosted its stake in iShares U.S. Basic Materials ETF by 15.6% in the 4th quarter. CWM LLC now owns 636 shares of the company’s stock worth $88,000 after purchasing an additional 86 shares during the period.

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.