Picton Mahoney Asset Management Acquires 1,340 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Picton Mahoney Asset Management raised its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 139.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the company’s stock after purchasing an additional 1,340 shares during the period. Picton Mahoney Asset Management’s holdings in iShares U.S. Basic Materials ETF were worth $318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYM. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth $3,898,000. Wealthstar Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF during the 4th quarter worth about $1,493,000. Kellett Wealth Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the 4th quarter worth about $1,195,000. Tower Research Capital LLC TRC lifted its stake in shares of iShares U.S. Basic Materials ETF by 2,136.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,267 shares of the company’s stock valued at $918,000 after purchasing an additional 6,942 shares during the period. Finally, PGIM Custom Harvest LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 1.2% in the 3rd quarter. PGIM Custom Harvest LLC now owns 286,918 shares of the company’s stock valued at $36,244,000 after purchasing an additional 3,399 shares during the period.

iShares U.S. Basic Materials ETF Price Performance

NYSEARCA IYM opened at $145.25 on Friday. The stock has a market capitalization of $668.15 million, a P/E ratio of 13.33 and a beta of 0.88. The business has a 50 day simple moving average of $143.87 and a 200 day simple moving average of $136.05. iShares U.S. Basic Materials ETF has a one year low of $119.22 and a one year high of $149.79.

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.