Corient Private Wealth LLC Purchases Shares of 8,792 iShares U.S. Basic Materials ETF $IYM

Corient Private Wealth LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,792 shares of the company’s stock, valued at approximately $1,354,000.

Several other hedge funds have also recently bought and sold shares of IYM. Legacy Wealth Managment LLC ID bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth about $36,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $38,000. Strive Financial Group LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at approximately $39,000. United Financial Planning Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the third quarter valued at approximately $41,000. Finally, Blair William & Co. IL raised its holdings in iShares U.S. Basic Materials ETF by 794.9% in the 3rd quarter. Blair William & Co. IL now owns 528 shares of the company’s stock valued at $78,000 after acquiring an additional 469 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Down 0.2%

Shares of iShares U.S. Basic Materials ETF stock opened at $179.22 on Thursday. iShares U.S. Basic Materials ETF has a 12-month low of $138.03 and a 12-month high of $191.37. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The firm’s 50-day moving average price is $183.33 and its two-hundred day moving average price is $176.49.

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.