Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 129.7% in the 4th quarter, HoldingsChannel reports. The firm owned 155,343 shares of the company’s stock after buying an additional 87,723 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Basic Materials ETF were worth $23,917,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC lifted its position in iShares U.S. Basic Materials ETF by 266.1% during the 1st quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after acquiring an additional 4,148 shares during the period. Baird Financial Group Inc. purchased a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $203,000. Daiwa Securities Group Inc. lifted its position in iShares U.S. Basic Materials ETF by 7.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock valued at $749,000 after acquiring an additional 350 shares during the period. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $44,278,000. Finally, Vivaldi Capital Management LP purchased a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $295,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of NYSEARCA IYM opened at $176.29 on Wednesday. iShares U.S. Basic Materials ETF has a 1 year low of $131.87 and a 1 year high of $189.80. The stock has a market cap of $1.53 billion, a P/E ratio of 22.43 and a beta of 0.96. The firm has a 50-day moving average of $179.29 and a 200 day moving average of $168.19.
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.
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