Principal Financial Group Inc. bought a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 57,480 shares of the company’s stock, valued at approximately $10,112,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,000 shares of the company’s stock valued at $652,000 after buying an additional 69 shares during the last quarter. Comerica Bank grew its stake in shares of iShares U.S. Basic Materials ETF by 3.3% in the 3rd quarter. Comerica Bank now owns 2,566 shares of the company’s stock valued at $380,000 after buying an additional 83 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in iShares U.S. Basic Materials ETF by 6.1% in the third quarter. CreativeOne Wealth LLC now owns 1,593 shares of the company’s stock worth $236,000 after buying an additional 91 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in iShares U.S. Basic Materials ETF by 0.8% in the fourth quarter. Sanctuary Advisors LLC now owns 12,880 shares of the company’s stock worth $1,983,000 after buying an additional 103 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in iShares U.S. Basic Materials ETF by 3.5% during the fourth quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock valued at $629,000 after acquiring an additional 137 shares in the last quarter.
iShares U.S. Basic Materials ETF Stock Up 0.7%
NYSEARCA IYM opened at $178.50 on Friday. The stock has a market capitalization of $1.14 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 12-month low of $138.03 and a 12-month high of $191.37. The company has a 50 day moving average price of $181.19 and a two-hundred day moving average price of $179.06.
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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