Conservest Capital Advisors Inc. raised its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 751.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 19,660 shares of the company’s stock after purchasing an additional 17,350 shares during the period. Conservest Capital Advisors Inc. owned 0.23% of iShares U.S. Basic Materials ETF worth $3,459,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 266.1% during the 1st quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after buying an additional 4,148 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $203,000. Daiwa Securities Group Inc. increased its holdings in iShares U.S. Basic Materials ETF by 7.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock worth $749,000 after acquiring an additional 350 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter worth approximately $44,278,000. Finally, Vivaldi Capital Management LP bought a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter worth approximately $295,000.
iShares U.S. Basic Materials ETF Price Performance
Shares of NYSEARCA:IYM opened at $177.79 on Wednesday. iShares U.S. Basic Materials ETF has a 1-year low of $138.03 and a 1-year high of $191.37. The company has a market capitalization of $1.21 billion, a P/E ratio of 22.43 and a beta of 0.96. The firm’s 50 day simple moving average is $182.68 and its two-hundred day simple moving average is $178.08.
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.
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