Vima LLC Takes $119,000 Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Vima LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 861 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in iShares U.S. Basic Materials ETF by 15.6% during the 4th quarter. CWM LLC now owns 636 shares of the company’s stock worth $88,000 after buying an additional 86 shares during the period. Navis Wealth Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 1.1% during the 4th quarter. Navis Wealth Advisors LLC now owns 7,845 shares of the company’s stock worth $1,084,000 after buying an additional 87 shares during the period. Blair William & Co. IL boosted its position in iShares U.S. Basic Materials ETF by 145.8% during the 3rd quarter. Blair William & Co. IL now owns 204 shares of the company’s stock worth $26,000 after buying an additional 121 shares during the period. Mutual Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 8.0% during the 4th quarter. Mutual Advisors LLC now owns 2,115 shares of the company’s stock worth $292,000 after buying an additional 156 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $28,000.

iShares U.S. Basic Materials ETF Stock Down 1.1 %

iShares U.S. Basic Materials ETF stock traded down $1.55 during mid-day trading on Friday, hitting $140.10. 6,257 shares of the stock were exchanged, compared to its average volume of 26,283. The firm’s fifty day simple moving average is $143.90 and its two-hundred day simple moving average is $139.65. The stock has a market capitalization of $644.46 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 12 month low of $119.22 and a 12 month high of $149.79.

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.