Magnus Financial Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,868 shares of the company’s stock, valued at approximately $252,000.
Other large investors have also recently bought and sold shares of the company. BankPlus Trust Department acquired a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at $28,000. Farmers & Merchants Investments Inc. purchased a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth $42,000. American National Bank & Trust purchased a new position in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth $83,000. IFP Advisors Inc lifted its stake in shares of iShares U.S. Basic Materials ETF by 146.5% during the 4th quarter. IFP Advisors Inc now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 400 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of iShares U.S. Basic Materials ETF by 65.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 829 shares of the company’s stock worth $108,000 after purchasing an additional 329 shares during the period.
iShares U.S. Basic Materials ETF Stock Up 0.4%
Shares of iShares U.S. Basic Materials ETF stock opened at $138.12 on Friday. 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 firm has a market cap of $511.04 million, a PE ratio of 22.70 and a beta of 1.09. The business’s fifty day moving average is $130.45 and its two-hundred day moving average is $134.88.
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.
Further Reading
- Five stocks we like better than iShares U.S. Basic Materials ETF
- What is Short Interest? How to Use It
- A Large Oil Supply Draw Could Mean Upside in These 3 Energy Names
- How to Read Stock Charts for Beginners
- 3 Stocks Getting Rare Double Upgrades From Analysts
- What Are Dividend Challengers?
- This Banking Giant Just Got a $90 Price Target Upgrade
Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
