Empirical Asset Management LLC Lowers Holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Empirical Asset Management LLC reduced its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,617 shares of the company’s stock after selling 80 shares during the period. Empirical Asset Management LLC’s holdings in iShares U.S. Basic Materials ETF were worth $470,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IYM. Wilmington Savings Fund Society FSB purchased a new position in iShares U.S. Basic Materials ETF during the third quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter worth $50,000. Truvestments Capital LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the 3rd quarter worth $71,000. CWM LLC boosted its holdings in iShares U.S. Basic Materials ETF by 15.3% in the third quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after acquiring an additional 96 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in 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 acquiring an additional 112 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

iShares U.S. Basic Materials ETF stock opened at $137.47 on Friday. iShares U.S. Basic Materials ETF has a 12 month low of $128.19 and a 12 month high of $153.55. The company has a market cap of $632.36 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The stock’s 50-day moving average is $138.22 and its 200-day moving average is $142.54.

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.