iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $152.85 and last traded at $152.81, with a volume of 47165 shares. The stock had previously closed at $149.30.
iShares U.S. Basic Materials ETF Stock Down 0.1%
The firm’s fifty day simple moving average is $146.51 and its 200-day simple moving average is $144.84. The company has a market cap of $534.84 million, a PE ratio of 22.43 and a beta of 1.07.
Institutional Trading of iShares U.S. Basic Materials ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IYM. Simplex Trading LLC boosted its position in iShares U.S. Basic Materials ETF by 442.0% during the second quarter. Simplex Trading LLC now owns 271 shares of the company’s stock worth $37,000 after acquiring an additional 221 shares during the last quarter. Farther Finance Advisors LLC increased its stake in iShares U.S. Basic Materials ETF by 4,600.0% in the second quarter. Farther Finance Advisors LLC now owns 282 shares of the company’s stock valued at $39,000 after purchasing an additional 276 shares during the last quarter. United Financial Planning Group LLC purchased a new position in iShares U.S. Basic Materials ETF during the third quarter worth about $41,000. Parkside Financial Bank & Trust acquired a new stake in iShares U.S. Basic Materials ETF in the 3rd quarter worth about $52,000. Finally, CX Institutional purchased a new stake in iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $67,000.
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.
Read More
- Five stocks we like better than iShares U.S. Basic Materials ETF
- How to Use the MarketBeat Dividend Calculator
- Why Amazon Could Be a $300 Stock Within Weeks
- What is Insider Trading? What You Can Learn from Insider Trading
- Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside
- What does consumer price index measure?
- MarketBeat Week in Review – 12/8 – 12/12
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
