iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by Essex LLC

Essex LLC cut its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the company’s stock after selling 75 shares during the quarter. Essex LLC owned about 0.08% of iShares U.S. Basic Materials ETF worth $502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at about $42,000. Stratos Wealth Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at approximately $533,000. Fifth Third Securities Inc. raised its stake in shares of iShares U.S. Basic Materials ETF by 33.0% during the fourth quarter. Fifth Third Securities Inc. now owns 3,702 shares of the company’s stock valued at $481,000 after purchasing an additional 919 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of iShares U.S. Basic Materials ETF by 25.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock worth $200,000 after purchasing an additional 310 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 3.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock valued at $321,000 after purchasing an additional 76 shares during the period.

iShares U.S. Basic Materials ETF Price Performance

iShares U.S. Basic Materials ETF stock opened at $136.96 on Friday. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55. The company has a market capitalization of $630.02 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The firm’s fifty day moving average price is $135.88 and its 200 day moving average price is $142.05.

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.