CoreCap Advisors LLC Has $31,000 Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

CoreCap Advisors LLC lowered its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 38.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239 shares of the company’s stock after selling 148 shares during the period. CoreCap Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IYM. BankPlus Trust Department bought a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at $28,000. Farmers & Merchants Investments Inc. bought a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at $42,000. IFP Advisors Inc raised its stake in shares of iShares U.S. Basic Materials ETF by 146.5% during the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after acquiring an additional 400 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of iShares U.S. Basic Materials ETF by 65.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 829 shares of the company’s stock valued at $108,000 after acquiring an additional 329 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of iShares U.S. Basic Materials ETF by 224.8% during the fourth quarter. US Bancorp DE now owns 1,299 shares of the company’s stock valued at $169,000 after acquiring an additional 899 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Up 0.8%

Shares of NYSEARCA IYM opened at $133.33 on Friday. iShares U.S. Basic Materials ETF has a twelve month low of $115.07 and a twelve month high of $153.55. The firm has a fifty day simple moving average of $130.50 and a 200 day simple moving average of $136.05. The company has a market capitalization of $493.32 million, a PE ratio of 22.82 and a beta of 1.09.

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.