Stifel Financial Corp Purchases 257 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Stifel Financial Corp increased its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,792 shares of the company’s stock after acquiring an additional 257 shares during the period. Stifel Financial Corp’s holdings in iShares U.S. Basic Materials ETF were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in 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 worth $528,000 after acquiring an additional 111 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 15.3% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 6,421 shares of the company’s stock valued at $899,000 after purchasing an additional 850 shares during the last quarter. Daiwa Securities Group Inc. increased its position in iShares U.S. Basic Materials ETF by 10.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock worth $616,000 after purchasing an additional 400 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $247,000. Finally, J.W. Cole Advisors Inc. bought a new position in iShares U.S. Basic Materials ETF in the second quarter valued at about $227,000.

iShares U.S. Basic Materials ETF Price Performance

NYSEARCA:IYM opened at $131.75 on Friday. The company has a market cap of $606.05 million, a PE ratio of 13.76 and a beta of 0.87. The firm’s 50 day simple moving average is $143.72 and its 200 day simple moving average is $143.59. iShares U.S. Basic Materials ETF has a one year low of $129.71 and a one year 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.