iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw unusually-strong trading volume on Friday . Approximately 26,992 shares were traded during trading, an increase of 20% from the previous session’s volume of 22,470 shares.The stock last traded at $137.90 and had previously closed at $137.71.

iShares U.S. Basic Materials ETF Price Performance

The firm has a market capitalization of $631.95 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. The business’s 50-day moving average price is $137.57 and its 200 day moving average price is $142.45.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IYM. Fifth Third Securities Inc. grew its position in shares of iShares U.S. Basic Materials ETF by 33.0% during the fourth quarter. Fifth Third Securities Inc. now owns 3,702 shares of the company’s stock worth $481,000 after buying an additional 919 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in iShares U.S. Basic Materials ETF by 25.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock worth $200,000 after acquiring an additional 310 shares in the last quarter. Signal Advisors Wealth LLC increased its position in shares of iShares U.S. Basic Materials ETF by 3.2% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock worth $321,000 after purchasing an additional 76 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares U.S. Basic Materials ETF by 11.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock valued at $212,000 after purchasing an additional 169 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth about $26,000.

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.