iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) shares saw unusually-high trading volume on Thursday . Approximately 50,564 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 21,744 shares.The stock last traded at $130.95 and had previously closed at $131.23.

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

The stock has a fifty day moving average of $145.33 and a 200-day moving average of $143.91. The firm has a market capitalization of $603.43 million, a price-to-earnings ratio of 13.76 and a beta of 0.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. &PARTNERS raised its holdings in shares of iShares U.S. Basic Materials ETF by 38.2% during the 2nd quarter. &PARTNERS now owns 5,328 shares of the company’s stock valued at $746,000 after purchasing an additional 1,472 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of iShares U.S. Basic Materials ETF in the second quarter worth about $247,000. IFG Advisory LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $432,000. Sachetta LLC raised its position in shares of iShares U.S. Basic Materials ETF by 22.5% in the second quarter. Sachetta LLC now owns 42,736 shares of the company’s stock valued at $6,105,000 after purchasing an additional 7,838 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in iShares U.S. Basic Materials ETF by 10.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock valued at $616,000 after acquiring an additional 400 shares during the period.

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.