Harmony Asset Management LLC Takes Position in iShares U.S. Basic Materials ETF $IYM

Harmony Asset Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,088 shares of the company’s stock, valued at approximately $895,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID purchased a new stake in iShares U.S. Basic Materials ETF in the 4th quarter worth about $36,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth approximately $36,000. Pin Oak Investment Advisors Inc. bought a new position in iShares U.S. Basic Materials ETF in the 4th quarter valued at $38,000. Strive Financial Group LLC purchased a new stake in iShares U.S. Basic Materials ETF in the fourth quarter worth $39,000. Finally, Ascentis Independent Advisors purchased a new stake in iShares U.S. Basic Materials ETF in the first quarter worth $40,000.

iShares U.S. Basic Materials ETF Trading Down 0.8%

NYSEARCA:IYM opened at $176.37 on Thursday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a twelve month low of $138.03 and a twelve month high of $191.37. The stock has a fifty day simple moving average of $182.48 and a 200-day simple moving average of $178.22.

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.