Allworth Financial LP Sells 265 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Allworth Financial LP cut its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 39.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406 shares of the company’s stock after selling 265 shares during the quarter. Allworth Financial LP’s holdings in iShares U.S. Basic Materials ETF were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in iShares U.S. Basic Materials ETF in the third quarter worth $206,000. Private Advisor Group LLC lifted 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 buying an additional 1,362 shares during the last quarter. CWM LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 15.3% during the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after purchasing an additional 96 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter worth $746,000. Finally, NewEdge Advisors LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 1,626.1% during the second quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock worth $2,018,000 after purchasing an additional 13,578 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Up 0.2 %

NYSEARCA:IYM opened at $145.84 on Friday. iShares U.S. Basic Materials ETF has a twelve month low of $122.21 and a twelve month high of $153.55. The company has a market cap of $670.87 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The stock has a fifty day simple moving average of $147.10 and a 200-day simple moving average of $144.01.

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.