Three Seasons Wealth LLC increased its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 99.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,963 shares of the company’s stock after acquiring an additional 28,946 shares during the period. iShares U.S. Basic Materials ETF makes up 1.0% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 9th largest holding. Three Seasons Wealth LLC owned about 0.87% of iShares U.S. Basic Materials ETF worth $10,406,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Basic Materials ETF by 64.2% during the first quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock valued at $135,022,000 after purchasing an additional 300,080 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth approximately $71,967,000. Bank of America Corp DE grew its stake in shares of iShares U.S. Basic Materials ETF by 176.5% in the 1st quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock worth $65,921,000 after buying an additional 239,188 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Basic Materials ETF by 129.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock worth $23,917,000 after buying an additional 87,723 shares during the last quarter. Finally, LPL Financial LLC increased its position in iShares U.S. Basic Materials ETF by 1.0% during the 4th quarter. LPL Financial LLC now owns 101,607 shares of the company’s stock valued at $15,643,000 after buying an additional 964 shares in the last quarter.
iShares U.S. Basic Materials ETF Trading Down 0.7%
Shares of NYSEARCA:IYM opened at $191.10 on Friday. The stock has a fifty day simple moving average of $183.81 and a two-hundred day simple moving average of $182.27. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. iShares U.S. Basic Materials ETF has a 12-month low of $139.08 and a 12-month high of $197.36.
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.
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