Cetera Investment Advisers Trims Stock Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Cetera Investment Advisers lowered its position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,419 shares of the company’s stock after selling 348 shares during the period. Cetera Investment Advisers’ holdings in iShares U.S. Basic Materials ETF were worth $2,439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. FORVIS Wealth Advisors LLC lifted its position in iShares U.S. Basic Materials ETF by 2.1% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 4,522 shares of the company’s stock valued at $668,000 after acquiring an additional 91 shares during the period. Foguth Wealth Management LLC. boosted its position in shares of iShares U.S. Basic Materials ETF by 5.5% in the 2nd quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock worth $373,000 after purchasing an additional 139 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $45,000. Daiwa Securities Group Inc. increased its position in iShares U.S. Basic Materials ETF by 10.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the company’s stock valued at $616,000 after buying an additional 400 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its stake in iShares U.S. Basic Materials ETF by 36.4% during the second quarter. Fifth Third Securities Inc. now owns 2,857 shares of the company’s stock valued at $400,000 after buying an additional 762 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Up 1.2 %

NYSEARCA IYM opened at $151.16 on Friday. iShares U.S. Basic Materials ETF has a 12 month low of $119.22 and a 12 month high of $152.61. The stock’s fifty day moving average price is $144.18 and its 200-day moving average price is $143.72. The stock has a market cap of $695.34 million, a P/E ratio of 13.76 and a beta of 0.87.

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.