iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Stock Price Cross Above 200 Day Moving Average – Here’s What Happened

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $181.63 and traded as high as $183.63. iShares U.S. Basic Materials ETF shares last traded at $183.61, with a volume of 824,147 shares changing hands.

iShares U.S. Basic Materials ETF Stock Performance

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.73 and a beta of 0.97. The company has a fifty day simple moving average of $183.85 and a 200 day simple moving average of $181.63.

Institutional Investors Weigh In On iShares U.S. Basic Materials ETF

Large investors have recently bought and sold shares of the stock. Simplex Trading LLC acquired a new stake in iShares U.S. Basic Materials ETF in the third quarter valued at approximately $25,000. Compass Financial Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the second quarter valued at approximately $29,000. Mycio Wealth Partners LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth approximately $33,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth approximately $37,000.

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.