Jane Street Group LLC Decreases Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Jane Street Group LLC cut its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 51.9% during the third quarter, HoldingsChannel.com reports. The fund owned 15,991 shares of the company’s stock after selling 17,283 shares during the period. Jane Street Group LLC’s holdings in iShares U.S. Basic Materials ETF were worth $2,401,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Stonebridge Financial Planning Group LLC lifted its stake in iShares U.S. Basic Materials ETF by 15.3% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 6,421 shares of the company’s stock worth $899,000 after purchasing an additional 850 shares in the last quarter. HighTower Advisors LLC lifted its position in iShares U.S. Basic Materials ETF by 3.3% during the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock worth $528,000 after buying an additional 111 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in iShares U.S. Basic Materials ETF by 10.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock worth $616,000 after buying an additional 400 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in iShares U.S. Basic Materials ETF during the second quarter worth $247,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter valued at $227,000.

iShares U.S. Basic Materials ETF Stock Up 1.0 %

Shares of IYM opened at $131.18 on Monday. The stock has a fifty day simple moving average of $145.33 and a two-hundred day simple moving average of $143.92. The company has a market capitalization of $603.43 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 52-week low of $129.71 and a 52-week high of $153.55.

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.