Corient Private Wealth LLC Takes $1.35 Million Position in iShares U.S. Basic Materials ETF $IYM

Corient Private Wealth LLC bought a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,792 shares of the company’s stock, valued at approximately $1,354,000. Corient Private Wealth LLC owned 0.14% of iShares U.S. Basic Materials ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. bought a new position in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $715,000. Strive Financial Group LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth $39,000. Financial Planning Fort Collins LLC bought a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $2,902,000. Virtue Capital Management LLC bought a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at about $309,000. Finally, Beacon Pointe Advisors LLC increased its stake in shares of iShares U.S. Basic Materials ETF by 319.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 6,156 shares of the company’s stock valued at $948,000 after acquiring an additional 4,688 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

IYM opened at $179.22 on Thursday. The firm’s fifty day moving average is $183.33 and its two-hundred day moving average is $176.49. The firm has a market cap of $1.35 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a twelve month low of $138.03 and a twelve month high of $191.37.

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.