Counterweight Ventures LLC Boosts Stock Position in iShares U.S. Basic Materials ETF $IYM

Counterweight Ventures LLC grew its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 207.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,829 shares of the company’s stock after purchasing an additional 7,984 shares during the period. Counterweight Ventures LLC owned approximately 0.13% of iShares U.S. Basic Materials ETF worth $2,081,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC boosted its position in iShares U.S. Basic Materials ETF by 266.1% in the first 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 during the last quarter. Baird Financial Group Inc. purchased a new position in iShares U.S. Basic Materials ETF during the 2nd quarter worth approximately $203,000. Daiwa Securities Group Inc. raised its position in iShares U.S. Basic Materials ETF by 7.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock worth $749,000 after buying an additional 350 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at approximately $44,278,000. Finally, Vivaldi Capital Management LP acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at approximately $295,000.

iShares U.S. Basic Materials ETF Price Performance

IYM stock opened at $182.15 on Friday. The firm’s fifty day simple moving average is $183.27 and its 200-day simple moving average is $176.73. The company has a market capitalization of $1.38 billion, a P/E ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 12 month low of $138.03 and a 12 month high of $191.37.

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.