Foguth Wealth Management LLC. Trims Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Foguth Wealth Management LLC. cut its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,960 shares of the company’s stock after selling 408 shares during the quarter. Foguth Wealth Management LLC.’s holdings in iShares U.S. Basic Materials ETF were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $746,000. CWM LLC grew its position in iShares U.S. Basic Materials ETF by 15.3% in the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after acquiring an additional 96 shares in the last quarter. Private Advisor Group LLC grew its position in iShares U.S. Basic Materials ETF by 40.6% in the third quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock worth $708,000 after acquiring an additional 1,362 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in iShares U.S. Basic Materials ETF in the third quarter valued at $206,000. Finally, Reston Wealth Management LLC purchased a new stake in iShares U.S. Basic Materials ETF during the third quarter valued at about $50,000.

iShares U.S. Basic Materials ETF Trading Up 0.3 %

IYM opened at $138.52 on Wednesday. The stock has a market capitalization of $637.19 million, a P/E ratio of 13.76 and a beta of 0.87. The stock has a 50-day moving average price of $136.43 and a 200-day moving average price of $142.14. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55.

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.