Picton Mahoney Asset Management Sells 900 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Picton Mahoney Asset Management lowered its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 52.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the company’s stock after selling 900 shares during the quarter. Picton Mahoney Asset Management’s holdings in iShares U.S. Basic Materials ETF were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of IYM. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 11.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after buying an additional 169 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of iShares U.S. Basic Materials ETF by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after acquiring an additional 111 shares in the last quarter. Stifel Financial Corp lifted its holdings in iShares U.S. Basic Materials ETF by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock worth $570,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc boosted its position in iShares U.S. Basic Materials ETF by 146.5% during the fourth quarter. IFP Advisors Inc now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 400 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in iShares U.S. Basic Materials ETF by 127.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock valued at $273,000 after purchasing an additional 1,177 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Up 1.5 %

Shares of iShares U.S. Basic Materials ETF stock opened at $135.34 on Monday. The firm has a fifty day simple moving average of $136.57 and a 200-day simple moving average of $141.35. The stock has a market capitalization of $514.29 million, a price-to-earnings ratio of 24.29 and a beta of 1.15. iShares U.S. Basic Materials ETF has a 1-year low of $128.19 and a 1-year 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.