True Freedom Investing LLC raised its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 156.2% during the third quarter, HoldingsChannel.com reports. The firm owned 9,957 shares of the company’s stock after acquiring an additional 6,071 shares during the quarter. True Freedom Investing LLC’s holdings in iShares U.S. Basic Materials ETF were worth $1,774,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of IYM. Compass Financial Management LLC acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter worth $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at $33,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at $36,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at $37,000. Finally, Ascentis Independent Advisors bought a new position in shares of iShares U.S. Basic Materials ETF in the 1st quarter worth $40,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of iShares U.S. Basic Materials ETF stock opened at $179.52 on Monday. iShares U.S. Basic Materials ETF has a 12 month low of $139.08 and a 12 month high of $197.36. The business has a fifty day simple moving average of $184.68 and a 200 day simple moving average of $181.44. The stock has a market cap of $1.27 billion, a PE ratio of 22.43 and a beta of 0.98.
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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Want to see what other hedge funds are holding IYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report).
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