iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $191.26 and last traded at $190.49, with a volume of 17661 shares. The stock had previously closed at $187.93.
iShares U.S. Basic Materials ETF Price Performance
The firm’s fifty day moving average price is $183.24 and its 200-day moving average price is $173.34. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 22.43 and a beta of 0.95.
Institutional Trading of iShares U.S. Basic Materials ETF
A number of institutional investors and hedge funds have recently bought and sold shares of IYM. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at $71,967,000. Bank of America Corp DE increased its holdings in iShares U.S. Basic Materials ETF by 176.5% in the first quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock valued at $65,921,000 after purchasing an additional 239,188 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after acquiring an additional 87,723 shares during the last quarter. Principal Financial Group Inc. bought a new stake in iShares U.S. Basic Materials ETF during the first quarter valued at $10,112,000. Finally, WealthCare Asset Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the first quarter valued at $8,780,000.
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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