Daiwa Securities Group Inc. Grows Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Daiwa Securities Group Inc. raised its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 13.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,000 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of iShares U.S. Basic Materials ETF by 926.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,357 shares of the company’s stock worth $696,000 after buying an additional 4,835 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at about $2,091,000. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,910 shares of the company’s stock valued at $898,000 after purchasing an additional 420 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of iShares U.S. Basic Materials ETF by 127.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock valued at $273,000 after purchasing an additional 1,177 shares during the period. Finally, US Bancorp DE grew its holdings in shares of iShares U.S. Basic Materials ETF by 224.8% in the fourth quarter. US Bancorp DE now owns 1,299 shares of the company’s stock valued at $169,000 after purchasing an additional 899 shares during the period.

iShares U.S. Basic Materials ETF Trading Up 1.5 %

Shares of IYM opened at $135.34 on Monday. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55. The firm has a 50-day moving average price of $136.57 and a 200 day moving average price of $141.35. The firm has a market capitalization of $514.29 million, a P/E ratio of 24.29 and a beta of 1.15.

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.