HFG Advisors Inc. Has $438,000 Stock Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

HFG Advisors Inc. cut its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,963 shares of the company’s stock after selling 336 shares during the quarter. HFG Advisors Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $438,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Graypoint LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $212,000. Kellett Wealth Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $1,195,000. Navis Wealth Advisors LLC boosted its stake in iShares U.S. Basic Materials ETF by 1.1% in the fourth quarter. Navis Wealth Advisors LLC now owns 7,845 shares of the company’s stock valued at $1,084,000 after buying an additional 87 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in iShares U.S. Basic Materials ETF by 139.6% in the fourth quarter. Picton Mahoney Asset Management now owns 2,300 shares of the company’s stock valued at $318,000 after buying an additional 1,340 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $3,898,000.

iShares U.S. Basic Materials ETF Stock Down 1.3 %

iShares U.S. Basic Materials ETF stock traded down $1.86 during trading hours on Monday, hitting $138.15. The stock had a trading volume of 9,613 shares, compared to its average volume of 25,822. The stock has a market cap of $635.49 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a one year low of $119.22 and a one year high of $149.79. The business’s 50 day simple moving average is $143.22 and its 200-day simple moving average is $140.38.

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.