iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) saw unusually-high trading volume on Wednesday. 274,715 shares were traded during trading, an increase of 26% from the average daily volume of 218,010 shares. The stock last traded at $181.4460 and had previously closed at $179.69.
iShares U.S. Basic Materials ETF Stock Performance
The stock has a 50 day moving average of $184.11 and a two-hundred day moving average of $181.56. The stock has a market cap of $1.31 billion, a PE ratio of 21.73 and a beta of 0.97.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Basic Materials ETF by 64.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock valued at $135,022,000 after acquiring an additional 300,080 shares in the last quarter. AIA Group Ltd purchased a new position in iShares U.S. Basic Materials ETF during the 3rd quarter worth approximately $109,763,000. Bank of America Corp DE grew its position in iShares U.S. Basic Materials ETF by 176.5% during the 1st quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock worth $65,921,000 after purchasing an additional 239,188 shares in the last quarter. Bank of Nova Scotia grew its position in iShares U.S. Basic Materials ETF by 191.8% during the 1st quarter. Bank of Nova Scotia now owns 74,110 shares of the company’s stock worth $13,037,000 after purchasing an additional 48,710 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in iShares U.S. Basic Materials ETF by 324.4% during the 2nd quarter. CoreCap Advisors LLC now owns 61,497 shares of the company’s stock valued at $11,041,000 after purchasing an additional 47,006 shares during the period.
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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