The Manufacturers Life Insurance Company Buys 300,080 Shares of iShares U.S. Basic Materials ETF $IYM

The Manufacturers Life Insurance Company grew its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 64.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 767,520 shares of the company’s stock after buying an additional 300,080 shares during the quarter. The Manufacturers Life Insurance Company owned 8.82% of iShares U.S. Basic Materials ETF worth $135,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IYM. Quantinno Capital Management LP grew its position in iShares U.S. Basic Materials ETF by 69.8% in the first quarter. Quantinno Capital Management LP now owns 3,543 shares of the company’s stock worth $623,000 after acquiring an additional 1,456 shares in the last quarter. Bank of Nova Scotia raised its position in iShares U.S. Basic Materials ETF by 191.8% during the first quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock valued at $13,037,000 after purchasing an additional 48,710 shares in the last quarter. Cetera Investment Advisers lifted its stake in iShares U.S. Basic Materials ETF by 44.7% during the first quarter. Cetera Investment Advisers now owns 23,415 shares of the company’s stock worth $4,119,000 after purchasing an additional 7,236 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 130.4% in the 1st quarter. Parallel Advisors LLC now owns 530 shares of the company’s stock worth $93,000 after purchasing an additional 300 shares in the last quarter. Finally, Kesler Norman & Wride LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the 1st quarter worth about $451,000.

iShares U.S. Basic Materials ETF Trading Up 0.5%

Shares of iShares U.S. Basic Materials ETF stock opened at $178.90 on Wednesday. The firm has a market capitalization of $1.14 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 12 month low of $138.03 and a 12 month high of $191.37. The business’s 50-day moving average price is $181.21 and its 200-day moving average price is $179.43.

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.