Oppenheimer & Co. Inc. Sells 102 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Oppenheimer & Co. Inc. cut its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,336 shares of the company’s stock after selling 102 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $201,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IYM. CWM LLC grew its position in shares of iShares U.S. Basic Materials ETF by 15.3% in the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after acquiring an additional 96 shares during the period. Focus Financial Network Inc. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 7.4% during the 3rd quarter. Focus Financial Network Inc. now owns 1,621 shares of the company’s stock worth $243,000 after buying an additional 111 shares during the period. Foguth Wealth Management LLC. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 5.5% during the 2nd quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock worth $373,000 after buying an additional 139 shares during the period. Fairfield Financial Advisors LTD bought a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth about $45,000. Finally, Reston Wealth Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth about $50,000.

iShares U.S. Basic Materials ETF Stock Up 0.5 %

Shares of iShares U.S. Basic Materials ETF stock opened at $146.82 on Friday. iShares U.S. Basic Materials ETF has a twelve month low of $128.90 and a twelve month high of $153.55. The company has a 50-day simple moving average of $147.99 and a two-hundred day simple moving average of $144.43. The stock has a market capitalization of $675.37 million, a price-to-earnings ratio of 13.76 and a beta of 0.87.

iShares U.S. Basic Materials ETF Company 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.