Raymond James Financial Inc. Takes $2.09 Million Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 16,095 shares of the company’s stock, valued at approximately $2,091,000.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in iShares U.S. Basic Materials ETF in the third quarter worth approximately $7,508,000. Matauro LLC acquired a new position in iShares U.S. Basic Materials ETF during the fourth quarter worth $809,000. Gladstone Institutional Advisory LLC bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter valued at about $593,000. Stratos Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth about $533,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth about $385,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of NYSEARCA IYM opened at $134.06 on Monday. The business’s 50-day simple moving average is $137.25 and its 200-day simple moving average is $140.93. iShares U.S. Basic Materials ETF has a 52 week low of $128.19 and a 52 week high of $153.55. The firm has a market cap of $502.73 million, a price-to-earnings ratio of 24.02 and a beta of 1.15.

iShares U.S. Basic Materials ETF 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.