Trueblood Wealth Management LLC Buys New Stake in iShares U.S. Basic Materials ETF $IYM

Trueblood Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the second quarter, Holdings Channel reports. The firm bought 1,435 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Magnus Financial Group LLC grew its stake in iShares U.S. Basic Materials ETF by 4.1% in the 2nd quarter. Magnus Financial Group LLC now owns 1,944 shares of the company’s stock valued at $272,000 after buying an additional 76 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in iShares U.S. Basic Materials ETF by 2.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,823 shares of the company’s stock valued at $515,000 after buying an additional 92 shares during the last quarter. Picton Mahoney Asset Management grew its stake in iShares U.S. Basic Materials ETF by 12.5% in the 1st quarter. Picton Mahoney Asset Management now owns 900 shares of the company’s stock valued at $121,000 after buying an additional 100 shares during the last quarter. Focus Financial Network Inc. grew its stake in iShares U.S. Basic Materials ETF by 7.1% in the 2nd quarter. Focus Financial Network Inc. now owns 1,850 shares of the company’s stock valued at $259,000 after buying an additional 123 shares during the last quarter. Finally, Fifth Third Securities Inc. grew its stake in iShares U.S. Basic Materials ETF by 4.3% in the 2nd quarter. Fifth Third Securities Inc. now owns 4,680 shares of the company’s stock valued at $655,000 after buying an additional 191 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Down 0.3%

NYSEARCA:IYM opened at $150.02 on Wednesday. iShares U.S. Basic Materials ETF has a 1 year low of $115.07 and a 1 year high of $153.55. The firm’s fifty day simple moving average is $146.91 and its 200 day simple moving average is $139.43. The firm has a market capitalization of $532.57 million, a PE ratio of 22.43 and a beta of 1.14.

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.