Sachetta LLC Reduces Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Sachetta LLC reduced its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,934 shares of the company’s stock after selling 172 shares during the quarter. iShares U.S. Basic Materials ETF comprises approximately 2.3% of Sachetta LLC’s holdings, making the stock its 7th biggest position. Sachetta LLC’s holdings in iShares U.S. Basic Materials ETF were worth $5,708,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IYM. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $43,121,000. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Basic Materials ETF by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,029 shares of the company’s stock valued at $9,105,000 after purchasing an additional 1,001 shares during the period. NewEdge Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 1,626.1% during the 2nd quarter. NewEdge Advisors LLC now owns 14,413 shares of the company’s stock worth $2,018,000 after buying an additional 13,578 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth about $746,000. Finally, CWM LLC boosted its holdings in shares of iShares U.S. Basic Materials ETF by 15.3% during the 3rd quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares during the period.

iShares U.S. Basic Materials ETF Stock Down 0.2 %

iShares U.S. Basic Materials ETF stock opened at $137.38 on Friday. The company’s 50-day moving average price is $137.57 and its two-hundred day moving average price is $142.43. The stock has a market cap of $631.95 million, a P/E ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a twelve month low of $128.19 and a twelve month high of $153.55.

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.