CoreCap Advisors LLC increased its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 324.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,497 shares of the company’s stock after purchasing an additional 47,006 shares during the quarter. CoreCap Advisors LLC owned 0.77% of iShares U.S. Basic Materials ETF worth $11,041,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID purchased a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth $36,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter valued at $36,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at $38,000. Strive Financial Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth about $39,000. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares U.S. Basic Materials ETF in the 1st quarter worth about $40,000.
iShares U.S. Basic Materials ETF Trading Up 2.4%
IYM stock opened at $181.78 on Wednesday. iShares U.S. Basic Materials ETF has a 12 month low of $139.08 and a 12 month high of $191.37. The company has a 50-day moving average price of $180.87 and a 200 day moving average price of $179.85. The stock has a market cap of $1.21 billion, a PE ratio of 22.43 and a beta of 0.96.
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.
Recommended Stories
- Five stocks we like better than iShares U.S. Basic Materials ETF
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
