iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,963 shares of the company’s stock after selling 464 shares during the period. Cetera Investment Advisers’ holdings in iShares U.S. Basic Materials ETF were worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IYM. Geneos Wealth Management Inc. lifted its position in iShares U.S. Basic Materials ETF by 25.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,538 shares of the company’s stock worth $200,000 after purchasing an additional 310 shares during the period. Fifth Third Securities Inc. lifted its position in iShares U.S. Basic Materials ETF by 33.0% in the fourth quarter. Fifth Third Securities Inc. now owns 3,702 shares of the company’s stock worth $481,000 after purchasing an additional 919 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter worth approximately $533,000. Farmers & Merchants Investments Inc. bought a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at $42,000. Finally, Focus Financial Network Inc. increased its holdings in shares of iShares U.S. Basic Materials ETF by 5.1% in the fourth quarter. Focus Financial Network Inc. now owns 1,704 shares of the company’s stock valued at $221,000 after buying an additional 83 shares in the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA IYM opened at $134.51 on Monday. The business’s fifty day moving average is $130.52 and its two-hundred day moving average is $135.81. iShares U.S. Basic Materials ETF has a 1 year low of $115.07 and a 1 year high of $153.55. The stock has a market capitalization of $497.69 million, a P/E ratio of 22.82 and a beta of 1.09.

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.