iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Hits New 1-Year High – What’s Next?

Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) reached a new 52-week high on Monday . The stock traded as high as $191.26 and last traded at $190.49, with a volume of 17661 shares. The stock had previously closed at $187.93.

iShares U.S. Basic Materials ETF Stock Down 0.0%

The company has a fifty day simple moving average of $183.65 and a two-hundred day simple moving average of $173.92. The stock has a market capitalization of $1.64 billion, a P/E ratio of 22.43 and a beta of 0.95.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of institutional investors have recently modified their holdings of IYM. Legacy Wealth Managment LLC ID bought a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $36,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter valued at about $36,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $38,000. Strive Financial Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $39,000. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter valued at about $40,000.

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.