iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC cut its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,348 shares of the company’s stock after selling 174 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $565,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IYM. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $26,000. Farmers & Merchants Investments Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $42,000. Reston Wealth Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $50,000. Truvestments Capital LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $71,000. Finally, 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 acquiring an additional 112 shares during the period.

iShares U.S. Basic Materials ETF Stock Down 0.1 %

Shares of iShares U.S. Basic Materials ETF stock opened at $137.54 on Tuesday. iShares U.S. Basic Materials ETF has a 52-week low of $128.19 and a 52-week high of $153.55. The company’s 50-day simple moving average is $135.17 and its 200-day simple moving average is $141.95. The firm has a market cap of $536.41 million, a price-to-earnings ratio of 22.47 and a beta of 1.15.

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.