Focus Partners Wealth Buys Shares of 16,680 iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Focus Partners Wealth purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,680 shares of the company’s stock, valued at approximately $2,167,000.

Several other large investors have also recently bought and sold shares of IYM. Wealth Enhancement Advisory Services LLC increased its holdings in iShares U.S. Basic Materials ETF by 11.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after purchasing an additional 169 shares during the period. Signal Advisors Wealth LLC grew its position in shares of iShares U.S. Basic Materials ETF by 3.2% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock valued at $321,000 after buying an additional 76 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of iShares U.S. Basic Materials ETF by 25.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock valued at $200,000 after buying an additional 310 shares during the last quarter. Fifth Third Securities Inc. increased its stake in shares of iShares U.S. Basic Materials ETF by 33.0% in the fourth quarter. Fifth Third Securities Inc. now owns 3,702 shares of the company’s stock valued at $481,000 after buying an additional 919 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $533,000.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA:IYM opened at $133.33 on Friday. The company has a market capitalization of $493.32 million, a PE ratio of 22.82 and a beta of 1.09. iShares U.S. Basic Materials ETF has a fifty-two week low of $115.07 and a fifty-two week high of $153.55. The company has a 50 day simple moving average of $130.50 and a two-hundred day simple moving average of $136.05.

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.