Private Advisor Group LLC Sells 5,127 Shares of iShares U.S. Basic Materials ETF $IYM

Private Advisor Group LLC decreased its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 39.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,941 shares of the company’s stock after selling 5,127 shares during the quarter. Private Advisor Group LLC owned 0.09% of iShares U.S. Basic Materials ETF worth $1,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IYM. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $71,967,000. Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Basic Materials ETF by 129.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after purchasing an additional 87,723 shares during the last quarter. Three Seasons Wealth LLC bought a new position in iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $5,125,000. Tcfg Wealth Management LLC acquired a new stake in iShares U.S. Basic Materials ETF in the third quarter valued at approximately $4,901,000. Finally, Corient Private Wealth LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter valued at approximately $3,709,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM opened at $178.24 on Monday. iShares U.S. Basic Materials ETF has a 52 week low of $138.03 and a 52 week high of $191.37. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The stock has a fifty day moving average of $182.86 and a 200-day moving average of $177.79.

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.