iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,409 shares of the company’s stock after selling 106 shares during the period. MML Investors Services LLC’s holdings in iShares U.S. Basic Materials ETF were worth $2,614,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its stake in 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. Focus Financial Network Inc. lifted its holdings in iShares U.S. Basic Materials ETF by 7.4% during the third quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock valued at $243,000 after purchasing an additional 111 shares in the last quarter. HighTower Advisors LLC grew its position in shares of iShares U.S. Basic Materials ETF by 3.3% in the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after purchasing an additional 111 shares during the period. EP Wealth Advisors LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 9.7% during the third quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after purchasing an additional 112 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of iShares U.S. Basic Materials ETF by 7.3% during the 3rd quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock worth $570,000 after purchasing an additional 257 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Down 1.1 %

IYM stock opened at $138.65 on Monday. iShares U.S. Basic Materials ETF has a 12-month low of $129.79 and a 12-month high of $153.55. The stock has a market cap of $637.79 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The business’s 50-day moving average is $146.98 and its 200 day moving average is $144.32.

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.