iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Reaches New 12-Month High at $149.79

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $149.79 and last traded at $149.36, with a volume of 6965 shares. The stock had previously closed at $148.45.

iShares U.S. Basic Materials ETF Stock Down 1.4 %

The stock has a market cap of $624.54 million, a PE ratio of 14.11 and a beta of 0.92. The business has a 50 day moving average price of $140.62 and a 200 day moving average price of $133.57.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of hedge funds have recently modified their holdings of the stock. Mariner LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 3.1% in the fourth quarter. Mariner LLC now owns 2,533 shares of the company’s stock worth $316,000 after buying an additional 75 shares during the last quarter. Sunbelt Securities Inc. boosted its position in iShares U.S. Basic Materials ETF by 3.6% during the second quarter. Sunbelt Securities Inc. now owns 2,302 shares of the company’s stock worth $306,000 after purchasing an additional 80 shares in the last quarter. CWM LLC boosted its position 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 in the last quarter. Navis Wealth Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 1.1% during the fourth quarter. Navis Wealth Advisors LLC now owns 7,845 shares of the company’s stock worth $1,084,000 after purchasing an additional 87 shares in the last quarter. Finally, First Citizens Financial Corp boosted its position in iShares U.S. Basic Materials ETF by 0.6% during the third quarter. First Citizens Financial Corp now owns 14,018 shares of the company’s stock worth $1,771,000 after purchasing an additional 88 shares in 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.