Arkadios Wealth Advisors trimmed its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,568 shares of the company’s stock after selling 199 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares U.S. Basic Materials ETF were worth $235,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fairfield Financial Advisors LTD purchased a new stake in shares of iShares U.S. Basic Materials ETF in the second quarter valued at about $45,000. CWM LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 15.3% in the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after buying an additional 96 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth approximately $206,000. Oppenheimer & Co. Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter valued at approximately $214,000. Finally, J.W. Cole Advisors Inc. acquired a new position in iShares U.S. Basic Materials ETF in the second quarter valued at approximately $227,000.
iShares U.S. Basic Materials ETF Stock Down 1.5 %
IYM stock opened at $145.49 on Friday. iShares U.S. Basic Materials ETF has a 52-week low of $121.06 and a 52-week high of $153.55. The stock has a market cap of $669.25 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The business has a fifty day moving average of $147.04 and a two-hundred day moving average of $144.00.
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.
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