iShares U.S. Basic Materials ETF $IYM Shares Sold by Sachetta LLC

Sachetta LLC lessened its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 77.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,910 shares of the company’s stock after selling 16,889 shares during the period. Sachetta LLC owned about 0.13% of iShares U.S. Basic Materials ETF worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IYM. Magnus Financial Group LLC boosted its holdings in iShares U.S. Basic Materials ETF by 4.1% in the 2nd quarter. Magnus Financial Group LLC now owns 1,944 shares of the company’s stock worth $272,000 after acquiring an additional 76 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of iShares U.S. Basic Materials ETF by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,823 shares of the company’s stock worth $515,000 after purchasing an additional 92 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of iShares U.S. Basic Materials ETF by 12.5% in the first quarter. Picton Mahoney Asset Management now owns 900 shares of the company’s stock valued at $121,000 after purchasing an additional 100 shares during the period. Focus Financial Network Inc. grew its holdings in iShares U.S. Basic Materials ETF by 7.1% during the 2nd quarter. Focus Financial Network Inc. now owns 1,850 shares of the company’s stock valued at $259,000 after purchasing an additional 123 shares in the last quarter. Finally, Fifth Third Securities Inc. increased its stake in iShares U.S. Basic Materials ETF by 4.3% during the 2nd quarter. Fifth Third Securities Inc. now owns 4,680 shares of the company’s stock worth $655,000 after buying an additional 191 shares during the period.

iShares U.S. Basic Materials ETF Price Performance

Shares of IYM stock opened at $150.51 on Tuesday. The company’s fifty day moving average price is $146.82 and its two-hundred day moving average price is $139.36. The firm has a market capitalization of $534.31 million, a P/E ratio of 22.43 and a beta of 1.14. iShares U.S. Basic Materials ETF has a 12 month low of $115.07 and a 12 month high of $153.55.

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.