Bank of Nova Scotia boosted its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 191.8% during the first quarter, Holdings Channel.com reports. The fund owned 74,110 shares of the company’s stock after purchasing an additional 48,710 shares during the quarter. Bank of Nova Scotia’s holdings in iShares U.S. Basic Materials ETF were worth $13,037,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in IYM. Legacy Wealth Managment LLC ID acquired a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth about $36,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at about $36,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at about $38,000. Strive Financial Group LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth about $39,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter worth about $40,000.
iShares U.S. Basic Materials ETF Stock Performance
IYM opened at $178.50 on Friday. The firm has a 50 day moving average price of $181.19 and a 200 day moving average price of $179.06. The company has a market cap of $1.14 billion, a PE ratio of 22.43 and a beta of 0.96. iShares U.S. Basic Materials ETF has a 1 year low of $138.03 and a 1 year 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.
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