475 Shares in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Purchased by Truvestments Capital LLC

Truvestments Capital LLC bought a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the third quarter, Holdings Channel.com reports. The firm bought 475 shares of the company’s stock, valued at approximately $71,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IYM. Cetera Investment Advisers lifted its holdings in shares of iShares U.S. Basic Materials ETF by 1,018.8% in the first quarter. Cetera Investment Advisers now owns 17,767 shares of the company’s stock worth $2,625,000 after acquiring an additional 16,179 shares during the last quarter. Cetera Advisors LLC raised its holdings in iShares U.S. Basic Materials ETF by 16.0% in the 1st quarter. Cetera Advisors LLC now owns 8,323 shares of the company’s stock valued at $1,229,000 after buying an additional 1,145 shares during the last quarter. Fifth Third Securities Inc. raised its holdings in iShares U.S. Basic Materials ETF by 36.4% in the 2nd quarter. Fifth Third Securities Inc. now owns 2,857 shares of the company’s stock valued at $400,000 after buying an additional 762 shares during the last quarter. Foguth Wealth Management LLC. raised its holdings in iShares U.S. Basic Materials ETF by 5.5% in the 2nd quarter. Foguth Wealth Management LLC. now owns 2,665 shares of the company’s stock valued at $373,000 after buying an additional 139 shares during the last quarter. Finally, &PARTNERS raised its holdings in iShares U.S. Basic Materials ETF by 38.2% in the 2nd quarter. &PARTNERS now owns 5,328 shares of the company’s stock valued at $746,000 after buying an additional 1,472 shares during the last quarter.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA IYM opened at $146.86 on Wednesday. The company has a 50 day simple moving average of $148.05 and a 200 day simple moving average of $144.46. The firm has a market cap of $675.55 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1 year low of $128.90 and a 1 year high of $153.55.

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.