Counterweight Ventures LLC Sells 77 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Counterweight Ventures LLC lowered its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,874 shares of the company’s stock after selling 77 shares during the quarter. Counterweight Ventures LLC’s holdings in iShares U.S. Basic Materials ETF were worth $503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IYM. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 11.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after buying an additional 169 shares during the last quarter. HighTower Advisors LLC increased its position in shares of iShares U.S. Basic Materials ETF by 3.3% during the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after buying an additional 111 shares during the period. Stifel Financial Corp raised its position in shares of iShares U.S. Basic Materials ETF by 7.3% in the third quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock worth $570,000 after buying an additional 257 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in iShares U.S. Basic Materials ETF during the second quarter valued at approximately $746,000. Finally, Signal Advisors Wealth LLC lifted its stake in iShares U.S. Basic Materials ETF by 3.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock worth $321,000 after purchasing an additional 76 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM opened at $136.96 on Friday. The firm has a 50 day moving average price of $135.88 and a 200-day moving average price of $142.05. iShares U.S. Basic Materials ETF has a fifty-two week low of $128.19 and a fifty-two week high of $153.55. The firm has a market cap of $630.02 million, a price-to-earnings ratio of 13.76 and a beta of 0.87.

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.