Mutual Advisors LLC Sells 6,981 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Mutual Advisors LLC decreased its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 78.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949 shares of the company’s stock after selling 6,981 shares during the quarter. Mutual Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $266,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IYM. Signal Advisors Wealth LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 3.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock worth $321,000 after purchasing an additional 76 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in iShares U.S. Basic Materials ETF by 11.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after purchasing an additional 169 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Basic Materials ETF in the 3rd quarter valued at $26,000. EP Wealth Advisors LLC raised its position in shares of iShares U.S. Basic Materials ETF by 9.7% during the third quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock worth $191,000 after purchasing an additional 112 shares during the period. Finally, Stifel Financial Corp raised its holdings in iShares U.S. Basic Materials ETF by 7.3% during the 3rd quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock worth $570,000 after buying an additional 257 shares during the period.

iShares U.S. Basic Materials ETF Stock Down 0.3 %

iShares U.S. Basic Materials ETF stock opened at $136.68 on Wednesday. The company has a 50 day moving average of $137.29 and a 200-day moving average of $142.37. iShares U.S. Basic Materials ETF has a twelve month low of $128.19 and a twelve month high of $153.55. The stock has a market capitalization of $628.73 million, a PE ratio of 13.76 and a beta of 0.87.

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.