Focus Partners Wealth Invests $2.17 Million in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Focus Partners Wealth acquired a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,680 shares of the company’s stock, valued at approximately $2,167,000. Focus Partners Wealth owned about 0.36% of iShares U.S. Basic Materials ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. acquired a new position in iShares U.S. Basic Materials ETF in the 4th quarter worth about $3,125,000. National Bank of Canada FI bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $3,059,000. Raymond James Financial Inc. bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $2,091,000. Commerce Bank lifted its stake in iShares U.S. Basic Materials ETF by 10.3% in the fourth quarter. Commerce Bank now owns 127,319 shares of the company’s stock valued at $16,543,000 after acquiring an additional 11,893 shares during the last quarter. Finally, LPL Financial LLC grew its position in iShares U.S. Basic Materials ETF by 16.6% in the fourth quarter. LPL Financial LLC now owns 76,627 shares of the company’s stock worth $9,956,000 after acquiring an additional 10,887 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Up 0.8%

Shares of IYM opened at $133.33 on Friday. iShares U.S. Basic Materials ETF has a 12 month low of $115.07 and a 12 month high of $153.55. The company’s fifty day moving average is $130.50 and its 200-day moving average is $136.05. The firm has a market cap of $493.32 million, a price-to-earnings ratio of 22.82 and a beta of 1.09.

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.