Sachetta LLC lifted its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,106 shares of the company’s stock after purchasing an additional 1,370 shares during the period. iShares U.S. Basic Materials ETF accounts for 2.6% of Sachetta LLC’s portfolio, making the stock its 7th largest position. Sachetta LLC owned 0.96% of iShares U.S. Basic Materials ETF worth $6,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Fairfield Financial Advisors LTD acquired a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth $45,000. Reston Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at approximately $50,000. CWM LLC raised its position in shares of iShares U.S. Basic Materials ETF by 15.3% in the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after acquiring an additional 96 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new position in iShares U.S. Basic Materials ETF during the 3rd quarter worth approximately $206,000. Finally, J.W. Cole Advisors Inc. acquired a new position in iShares U.S. Basic Materials ETF during the second quarter valued at approximately $227,000.
iShares U.S. Basic Materials ETF Stock Performance
IYM opened at $143.77 on Wednesday. The firm’s fifty day moving average is $147.76 and its two-hundred day moving average is $144.39. The firm has a market cap of $661.34 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a twelve month low of $127.96 and a twelve month high of $153.55.
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.
Recommended Stories
- Five stocks we like better than iShares U.S. Basic Materials ETF
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Super Micro Computer Soars 28%: Is It Really Out of the Woods?
- The 3 Best Blue-Chip Stocks to Buy Now
- Traders Are Flocking Back to Oil: What’s Fueling the Optimism
- EV Stocks and How to Profit from Them
- 3 Hot Stock Trends to Ride Into 2025
Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
