Pathway Financial Advisors LLC Sells 76 Shares of iShares U.S. Basic Materials ETF $IYM

Pathway Financial Advisors LLC cut its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,172 shares of the company’s stock after selling 76 shares during the quarter. Pathway Financial Advisors LLC owned about 0.31% of iShares U.S. Basic Materials ETF worth $1,704,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of iShares U.S. Basic Materials ETF by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,823 shares of the company’s stock valued at $515,000 after purchasing an additional 92 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth about $279,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth about $217,000. Golden State Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at about $28,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in iShares U.S. Basic Materials ETF by 17.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,622 shares of the company’s stock valued at $488,000 after acquiring an additional 527 shares during the period.

iShares U.S. Basic Materials ETF Stock Down 2.2%

Shares of IYM stock opened at $145.38 on Monday. iShares U.S. Basic Materials ETF has a 12-month low of $115.07 and a 12-month high of $153.55. The company has a market capitalization of $516.10 million, a PE ratio of 22.43 and a beta of 1.14. The firm has a 50 day moving average price of $147.39 and a two-hundred day moving average price of $139.71.

iShares U.S. Basic Materials ETF 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.