Mesirow Financial Investment Management Inc. Reduces Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Mesirow Financial Investment Management Inc. cut its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,388 shares of the company’s stock after selling 87 shares during the period. Mesirow Financial Investment Management Inc. owned 0.12% of iShares U.S. Basic Materials ETF worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Fairfield Financial Advisors LTD acquired a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $45,000. J.W. Cole Advisors Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $227,000. Stonebridge Financial Planning Group LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 15.3% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 6,421 shares of the company’s stock valued at $899,000 after buying an additional 850 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 10.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock valued at $616,000 after buying an additional 400 shares in the last quarter. Finally, Sachetta LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 22.5% in the 2nd quarter. Sachetta LLC now owns 42,736 shares of the company’s stock valued at $6,105,000 after buying an additional 7,838 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA:IYM opened at $144.78 on Wednesday. The stock has a market cap of $665.99 million, a P/E ratio of 13.76 and a beta of 0.87. The firm has a fifty day moving average price of $142.04 and a 200 day moving average price of $142.99. iShares U.S. Basic Materials ETF has a 1-year low of $119.22 and a 1-year high of $149.79.

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.