True Freedom Investing LLC Acquires 6,071 Shares of iShares U.S. Basic Materials ETF $IYM

True Freedom Investing LLC grew its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 156.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,957 shares of the company’s stock after buying an additional 6,071 shares during the quarter. True Freedom Investing LLC owned approximately 0.14% of iShares U.S. Basic Materials ETF worth $1,774,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in iShares U.S. Basic Materials ETF by 180.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,631 shares of the company’s stock valued at $4,239,000 after acquiring an additional 15,215 shares in the last quarter. Gerald Baker Financial Group LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the first quarter worth approximately $4,831,000. Cetera Investment Advisers lifted its position in shares of iShares U.S. Basic Materials ETF by 44.7% during the first quarter. Cetera Investment Advisers now owns 23,415 shares of the company’s stock worth $4,119,000 after purchasing an additional 7,236 shares in the last quarter. WealthCare Asset Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the first quarter worth approximately $8,780,000. Finally, Harmony Asset Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the first quarter valued at approximately $895,000.

iShares U.S. Basic Materials ETF Price Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $179.52 on Monday. The firm has a market cap of $1.27 billion, a P/E ratio of 22.43 and a beta of 0.98. The firm has a 50 day simple moving average of $184.68 and a 200 day simple moving average of $181.44. iShares U.S. Basic Materials ETF has a fifty-two week low of $139.08 and a fifty-two week high of $197.36.

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.