Farmers & Merchants Investments Inc. bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 322 shares of the company’s stock, valued at approximately $42,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in iShares U.S. Basic Materials ETF in the 3rd quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter valued at $50,000. Truvestments Capital LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter valued at about $71,000. CWM LLC raised its position in shares of iShares U.S. Basic Materials ETF by 15.3% during the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 9.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after acquiring an additional 112 shares during the period.
iShares U.S. Basic Materials ETF Price Performance
NYSEARCA IYM opened at $136.96 on Monday. iShares U.S. Basic Materials ETF has a 12 month low of $128.19 and a 12 month high of $153.55. The firm has a market capitalization of $630.02 million, a PE ratio of 13.76 and a beta of 0.87. The company’s 50 day simple moving average is $135.88 and its 200 day simple moving average is $142.06.
iShares U.S. Basic Materials ETF 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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