Royal Bank of Canada Has $5.93 Million Stock Position in iShares U.S. Basic Materials ETF $IYM

Royal Bank of Canada lowered its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 10.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 33,699 shares of the company’s stock after selling 3,753 shares during the period. Royal Bank of Canada owned 0.39% of iShares U.S. Basic Materials ETF worth $5,929,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank lifted its position in shares of iShares U.S. Basic Materials ETF by 3.3% in the third quarter. Comerica Bank now owns 2,566 shares of the company’s stock valued at $380,000 after buying an additional 83 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of iShares U.S. Basic Materials ETF by 6.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,593 shares of the company’s stock worth $236,000 after acquiring an additional 91 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of iShares U.S. Basic Materials ETF by 0.8% during the 4th quarter. Sanctuary Advisors LLC now owns 12,880 shares of the company’s stock worth $1,983,000 after acquiring an additional 103 shares during the last quarter. Kestra Advisory Services LLC raised its stake in iShares U.S. Basic Materials ETF by 3.5% in the 4th quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock valued at $629,000 after acquiring an additional 137 shares during the period. Finally, Vivaldi Capital Management LP raised its stake in iShares U.S. Basic Materials ETF by 7.6% in the 4th quarter. Vivaldi Capital Management LP now owns 2,269 shares of the company’s stock valued at $349,000 after acquiring an additional 160 shares during the period.

iShares U.S. Basic Materials ETF Price Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $190.12 on Wednesday. The business has a fifty day simple moving average of $181.12 and a two-hundred day simple moving average of $180.46. iShares U.S. Basic Materials ETF has a 1 year low of $139.08 and a 1 year high of $191.99. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96.

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.