Daiwa Securities Group Inc. Purchases 600 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Daiwa Securities Group Inc. lifted its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Daiwa Securities Group Inc. owned 0.11% of iShares U.S. Basic Materials ETF worth $650,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IYM. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter valued at about $26,000. BankPlus Trust Department bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at about $28,000. Farmers & Merchants Investments Inc. bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at about $42,000. Truvestments Capital LLC bought a new stake in iShares U.S. Basic Materials ETF during the 3rd quarter valued at about $71,000. Finally, IFP Advisors Inc lifted its holdings in iShares U.S. Basic Materials ETF by 146.5% during the 4th quarter. IFP Advisors Inc now owns 673 shares of the company’s stock valued at $87,000 after buying an additional 400 shares in the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of IYM opened at $135.34 on Monday. iShares U.S. Basic Materials ETF has a 1-year low of $128.19 and a 1-year high of $153.55. The company has a 50-day moving average of $136.57 and a 200 day moving average of $141.35. The firm has a market capitalization of $514.29 million, a price-to-earnings ratio of 24.29 and a beta of 1.15.

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.