Astoria Portfolio Advisors LLC. Takes $715,000 Position in iShares U.S. Basic Materials ETF $IYM

Astoria Portfolio Advisors LLC. bought a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the fourth quarter, Holdings Channel reports. The fund bought 4,642 shares of the company’s stock, valued at approximately $715,000.

Several other institutional investors also recently modified their holdings of the business. Legacy Wealth Managment LLC ID purchased a new stake in iShares U.S. Basic Materials ETF in the fourth quarter worth about $36,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $38,000. Strive Financial Group LLC purchased a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $39,000. United Financial Planning Group LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 3rd quarter worth approximately $41,000. Finally, Blair William & Co. IL boosted its position in shares of iShares U.S. Basic Materials ETF by 794.9% in the 3rd quarter. Blair William & Co. IL now owns 528 shares of the company’s stock worth $78,000 after purchasing an additional 469 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Down 0.9%

iShares U.S. Basic Materials ETF stock opened at $185.34 on Friday. iShares U.S. Basic Materials ETF has a twelve month low of $135.94 and a twelve month high of $191.37. The company has a market capitalization of $1.61 billion, a P/E ratio of 22.43 and a beta of 0.95. The stock’s 50 day moving average is $183.97 and its 200 day moving average is $174.44.

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.