Mesirow Financial Investment Management Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,947 shares of the company’s stock, valued at approximately $881,000. Mesirow Financial Investment Management Inc. owned 0.07% of iShares U.S. Basic Materials ETF at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at $25,000. Compass Financial Management LLC purchased a new position in iShares U.S. Basic Materials ETF during the second quarter worth approximately $29,000. Mycio Wealth Partners LLC acquired a new stake in iShares U.S. Basic Materials ETF in the third quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter valued at approximately $33,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter valued at approximately $37,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of IYM stock opened at $181.00 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 21.73 and a beta of 0.97. The stock has a 50 day simple moving average of $182.53 and a 200-day simple moving average of $181.91. iShares U.S. Basic Materials ETF has a 1-year low of $140.05 and a 1-year high of $197.36.
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.
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