iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 81,492 shares were traded during mid-day trading, an increase of 222% from the previous session’s volume of 25,276 shares.The stock last traded at $143.16 and had previously closed at $146.37.
iShares U.S. Basic Materials ETF Stock Performance
The firm has a fifty day moving average price of $141.83 and a 200 day moving average price of $142.70. The firm has a market capitalization of $646.02 million, a price-to-earnings ratio of 13.76 and a beta of 0.87.
Institutional Trading of iShares U.S. Basic Materials ETF
Several hedge funds have recently modified their holdings of IYM. International Assets Investment Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth $3,898,000. CWM LLC raised its holdings in iShares U.S. Basic Materials ETF by 15.6% during the fourth quarter. CWM LLC now owns 636 shares of the company’s stock worth $88,000 after purchasing an additional 86 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth $266,000. Private Advisor Group LLC raised its holdings in iShares U.S. Basic Materials ETF by 15.8% during the fourth quarter. Private Advisor Group LLC now owns 3,659 shares of the company’s stock worth $506,000 after purchasing an additional 498 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its holdings in iShares U.S. Basic Materials ETF by 139.6% during the fourth quarter. Picton Mahoney Asset Management now owns 2,300 shares of the company’s stock worth $318,000 after purchasing an additional 1,340 shares during the last quarter.
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.
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