Gladstone Institutional Advisory LLC Makes New Investment in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Gladstone Institutional Advisory LLC bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,563 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth $7,508,000. Sachetta LLC increased its holdings in iShares U.S. Basic Materials ETF by 3.2% in the 3rd quarter. Sachetta LLC now owns 44,106 shares of the company’s stock valued at $6,623,000 after purchasing an additional 1,370 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of iShares U.S. Basic Materials ETF by 34.9% in the third quarter. Prospera Financial Services Inc now owns 8,739 shares of the company’s stock valued at $1,312,000 after buying an additional 2,263 shares in the last quarter. Private Advisor Group LLC increased its stake in iShares U.S. Basic Materials ETF by 40.6% during the third quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock worth $708,000 after purchasing an additional 1,362 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $533,000.

iShares U.S. Basic Materials ETF Trading Down 0.2 %

Shares of NYSEARCA IYM opened at $140.02 on Friday. The stock has a market cap of $644.09 million, a P/E ratio of 13.76 and a beta of 0.87. The business’s fifty day simple moving average is $135.25 and its 200-day simple moving average is $141.94. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55.

iShares U.S. Basic Materials ETF Company 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.