29,784 Shares of iShares U.S. Basic Materials ETF $IYM Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the third quarter, Holdings Channel reports. The firm purchased 29,784 shares of the company’s stock, valued at approximately $5,305,000.

Several other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in iShares U.S. Basic Materials ETF by 64.2% in the first quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock worth $135,022,000 after buying an additional 300,080 shares during the period. Bank of America Corp DE boosted its holdings in iShares U.S. Basic Materials ETF by 176.5% during the first quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock worth $65,921,000 after buying an additional 239,188 shares in the last quarter. Bank of Nova Scotia raised its position in shares of iShares U.S. Basic Materials ETF by 191.8% during the first 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 during the period. CoreCap Advisors LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 324.4% in the second quarter. CoreCap Advisors LLC now owns 61,497 shares of the company’s stock worth $11,041,000 after buying an additional 47,006 shares during the period. Finally, Three Seasons Wealth LLC raised its stake in iShares U.S. Basic Materials ETF by 99.8% during the 2nd quarter. Three Seasons Wealth LLC now owns 57,963 shares of the company’s stock valued at $10,406,000 after purchasing an additional 28,946 shares during the period.

iShares U.S. Basic Materials ETF Trading Up 0.4%

NYSEARCA:IYM traded up $0.66 on Friday, hitting $179.90. 289,973 shares of the company’s stock traded hands, compared to its average volume of 222,498. The company has a market cap of $1.22 billion, a PE ratio of 21.73 and a beta of 0.97. The firm has a 50-day moving average price of $183.20 and a 200-day moving average price of $181.73. iShares U.S. Basic Materials ETF has a 1 year low of $139.82 and a 1 year high of $197.36.

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.