Gladstone Institutional Advisory LLC Purchases Shares of 4,563 iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Gladstone Institutional Advisory LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,563 shares of the company’s stock, valued at approximately $593,000. Gladstone Institutional Advisory LLC owned 0.10% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in iShares U.S. Basic Materials ETF during the third quarter worth about $7,508,000. Sachetta LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 3.2% during the 3rd quarter. Sachetta LLC now owns 44,106 shares of the company’s stock worth $6,623,000 after purchasing an additional 1,370 shares during the period. Prospera Financial Services Inc increased its holdings in shares of iShares U.S. Basic Materials ETF by 34.9% during the 3rd quarter. Prospera Financial Services Inc now owns 8,739 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,263 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 40.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock valued at $708,000 after purchasing an additional 1,362 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth $533,000.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $140.02 on Friday. The firm’s fifty day moving average is $135.25 and its 200 day moving average is $141.94. The firm has a market cap of $644.09 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a one year low of $128.19 and a one year high of $153.55.

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.