Wealthstar Advisors LLC Makes New $1.93 Million Investment in iShares U.S. Basic Materials ETF $IYM

Wealthstar Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,986 shares of the company’s stock, valued at approximately $1,933,000. iShares U.S. Basic Materials ETF makes up about 0.9% of Wealthstar Advisors LLC’s holdings, making the stock its 18th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth $71,967,000. Northwestern Mutual Wealth Management Co. grew its stake in iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after acquiring an additional 87,723 shares in the last quarter. Bank of America Corp DE grew its stake in iShares U.S. Basic Materials ETF by 5.2% during the second quarter. Bank of America Corp DE now owns 131,814 shares of the company’s stock valued at $18,455,000 after acquiring an additional 6,462 shares in the last quarter. LPL Financial LLC increased its holdings in 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 valued at $15,643,000 after acquiring an additional 964 shares during the last quarter. Finally, UBS Group AG increased its holdings in 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 valued at $12,266,000 after acquiring an additional 1,592 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $182.15 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The business has a 50-day moving average price of $183.27 and a 200-day moving average price of $176.73. iShares U.S. Basic Materials ETF has a twelve month low of $138.03 and a twelve month high of $191.37.

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.