US Bancorp DE Boosts Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

US Bancorp DE raised its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 224.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,299 shares of the company’s stock after acquiring an additional 899 shares during the period. US Bancorp DE’s holdings in iShares U.S. Basic Materials ETF were worth $169,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. BankPlus Trust Department purchased a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at $28,000. IFP Advisors Inc raised its position in shares of iShares U.S. Basic Materials ETF by 146.5% in the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock worth $87,000 after acquiring an additional 400 shares during the period. Matauro LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth about $809,000. Gladstone Institutional Advisory LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth about $593,000. Finally, Sovran Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth about $292,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $135.34 on Friday. The firm has a 50-day simple moving average of $136.57 and a two-hundred day simple moving average of $141.37. The company has a market cap of $514.29 million, a P/E ratio of 24.29 and a beta of 1.15. iShares U.S. Basic Materials ETF has a fifty-two week low of $128.19 and a fifty-two week high of $153.55.

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.