OneDigital Investment Advisors LLC acquired a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,298 shares of the company’s stock, valued at approximately $345,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $43,121,000. Cetera Investment Advisers raised its stake in shares of iShares U.S. Basic Materials ETF by 1,018.8% in the first quarter. Cetera Investment Advisers now owns 17,767 shares of the company’s stock worth $2,625,000 after purchasing an additional 16,179 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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. Sachetta LLC grew its stake in 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 purchasing an additional 7,838 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth approximately $746,000.
iShares U.S. Basic Materials ETF Trading Up 0.9 %
IYM opened at $146.04 on Friday. The company has a 50 day moving average of $147.93 and a 200 day moving average of $144.40. The company has a market cap of $671.78 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 12 month low of $128.54 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.
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