Principal Financial Group Inc. Buys New Shares in iShares U.S. Basic Materials ETF $IYM

Principal Financial Group Inc. bought a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,480 shares of the company’s stock, valued at approximately $10,112,000. Principal Financial Group Inc. owned approximately 0.66% of iShares U.S. Basic Materials ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Basic Materials ETF by 129.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock worth $23,917,000 after buying an additional 87,723 shares during the period. Counterweight Ventures LLC grew its stake in iShares U.S. Basic Materials ETF by 207.6% during the 1st quarter. Counterweight Ventures LLC now owns 11,829 shares of the company’s stock valued at $2,081,000 after acquiring an additional 7,984 shares in the last quarter. WealthCare Asset Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at about $8,780,000. Three Seasons Wealth LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at about $5,125,000. Finally, Wealthstar Advisors LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter worth approximately $1,933,000.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $178.50 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of 22.43 and a beta of 0.96. The firm has a 50 day simple moving average of $181.19 and a 200 day simple moving average of $179.06. iShares U.S. Basic Materials ETF has a 52 week low of $138.03 and a 52 week high of $191.37.

iShares U.S. Basic Materials ETF 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.