Fmr LLC decreased its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 11.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,494 shares of the company’s stock after selling 338 shares during the period. Fmr LLC’s holdings in iShares U.S. Basic Materials ETF were worth $374,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of IYM. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $43,121,000. 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. Sachetta LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 22.5% during the second 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. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the second quarter worth about $746,000. Finally, IFG Advisory LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the second quarter worth about $432,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of IYM opened at $129.84 on Friday. The firm has a market capitalization of $597.26 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1-year low of $129.79 and a 1-year high of $153.55. The company has a 50-day moving average of $145.73 and a 200 day moving average of $144.00.
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.
Featured Articles
- Five stocks we like better than iShares U.S. Basic Materials ETF
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Micron Stock Under $100: Seize the AI-Driven Upside
- Insider Selling Explained: Can it Inform Your Investing Choices?
- AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside
Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
