iShares U.S. Basic Materials ETF $IYM Shares Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC grew its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 207.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,829 shares of the company’s stock after purchasing an additional 7,984 shares during the period. Counterweight Ventures LLC’s holdings in iShares U.S. Basic Materials ETF were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth approximately $71,967,000. Northwestern Mutual Wealth Management Co. grew its holdings in iShares U.S. Basic Materials ETF by 129.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after buying an additional 87,723 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares U.S. Basic Materials ETF by 5.2% in the 2nd quarter. Bank of America Corp DE now owns 131,814 shares of the company’s stock worth $18,455,000 after acquiring an additional 6,462 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 1.0% in the 4th quarter. LPL Financial LLC now owns 101,607 shares of the company’s stock worth $15,643,000 after acquiring an additional 964 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of iShares U.S. Basic Materials ETF by 2.0% in the 4th quarter. UBS Group AG now owns 79,669 shares of the company’s stock worth $12,266,000 after acquiring an additional 1,592 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

NYSEARCA IYM opened at $182.15 on Friday. iShares U.S. Basic Materials ETF has a 52 week low of $138.03 and a 52 week high of $191.37. The business’s fifty day simple moving average is $183.27 and its 200-day simple moving average is $176.73. The firm has a market cap of $1.38 billion, a PE ratio of 22.43 and a beta of 0.96.

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.