iShares U.S. Basic Materials ETF $IYM Shares Sold by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc lessened its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 28.1% in the 2nd quarter, Holdings Channel reports. The firm owned 1,114 shares of the company’s stock after selling 435 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in iShares U.S. Basic Materials ETF were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYM. Wealth Enhancement Advisory Services LLC increased its stake in iShares U.S. Basic Materials ETF by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,622 shares of the company’s stock worth $488,000 after buying an additional 527 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter worth approximately $217,000. Cambridge Investment Research Advisors Inc. increased its position in shares of iShares U.S. Basic Materials ETF by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,823 shares of the company’s stock worth $515,000 after purchasing an additional 92 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $28,000. Finally, Sequoia Financial Advisors LLC purchased a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $279,000.

iShares U.S. Basic Materials ETF Stock Down 0.4%

iShares U.S. Basic Materials ETF stock opened at $148.26 on Friday. The company has a fifty day simple moving average of $148.26 and a 200-day simple moving average of $141.09. The firm has a market capitalization of $518.91 million, a price-to-earnings ratio of 22.43 and a beta of 1.14. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $152.55.

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.