Sanctuary Advisors LLC lessened its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,002 shares of the company’s stock after selling 1,238 shares during the period. Sanctuary Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $588,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the business. Fairfield Financial Advisors LTD bought a new position in iShares U.S. Basic Materials ETF during the 2nd quarter worth $45,000. Reston Wealth Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter valued at about $50,000. Truvestments Capital LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter valued at about $71,000. CWM LLC raised its position in shares of iShares U.S. Basic Materials ETF by 15.3% during the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after acquiring an additional 96 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 9.7% in the third quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after acquiring an additional 112 shares during the period.
iShares U.S. Basic Materials ETF Price Performance
Shares of IYM stock opened at $131.96 on Wednesday. iShares U.S. Basic Materials ETF has a one year low of $129.71 and a one year high of $153.55. The business’s 50 day simple moving average is $144.54 and its 200 day simple moving average is $143.75. The stock has a market capitalization of $607.02 million, a PE ratio of 13.76 and a beta of 0.87.
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.
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