CoreCap Advisors LLC Raises Stock Holdings in iShares U.S. Basic Materials ETF $IYM

CoreCap Advisors LLC increased its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 324.4% in the second quarter, Holdings Channel.com reports. The fund owned 61,497 shares of the company’s stock after buying an additional 47,006 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $11,041,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $36,000. Ascentis Independent Advisors bought a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter worth $40,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at $36,000. Angeles Wealth Management LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter valued at $41,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth about $38,000.

iShares U.S. Basic Materials ETF Trading Up 2.4%

NYSEARCA IYM opened at $181.78 on Wednesday. The stock has a market cap of $1.21 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 $139.08 and a 12 month high of $191.37. The company’s 50-day moving average price is $180.87 and its 200-day moving average price is $179.85.

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.